Key Points on Interim Budget 2014- Part 1 :

Finance Minister P.Chidambaram is currently presenting the interim budget at the parliament and here are a few key points on what he had spoke :

1. India would not be overly hit by global cues
2. India's head is above water
3. Economic problems faced by our country is common for all growing economies
4. Account deficit for 2013-2014 expected to be at $45 billion
5.Agricultural exports are at $45 billion
6. In the financial year 2014, the fiscal deficit is seen at 4.6% ( The target is 4.8%)
7. Agricultural credit will cross $45 billion while it was $41 billion between 2012-2013
8. 6.3% year-on-year growth seen in export with a figure of 326$ billion.
9. Agricultural output for FY14 is 4.6%