" The annual average exchange rate of the rupee went up from 47.92 per dollar in 2011-12 to Rs.54.41 per dollar in 2012-13 and further to Rs.60.50 per dollar in 2013-14"
Long-term external debt accounts for 78.2 percent of total external debt at end-December 2013 against 76.1 percent at end-March 2013. Long-term debt at end-December 2013 increased by $25.1 billion (8.1 percent) over the level at end-March 2013 while short-term debt declined by $4 billion (4.1 percent), reflecting a fall in imports

Wholesale Price Index inflation fell to three-year low of 5.98 percent during 2013-14

Consumer Price Inflation also showed signs of moderation

Both Wholesale and Consumer Price Inflation expected to go downward

Fiscal consolidations remains imperative for the economy

Fiscal consolidation recommended through higher tax-GDP ratio then merely reducing the expenditure-GDP ratio

Proactive policy action helped government remain in fiscal consolidation mode in 2013-14

Fiscal deficit for 2013-14 contained at 4.5 percent of GDP

Total outstanding liabilities of the central and state governments decline as a proportion of GDP

India's balance-of-payments position improved dramatically in 2013-14 with the current account deficit (CAD) at $32.4 billion (1.7 percent of GDP) as against $88.2 billion (4.7 percent of GDP) in 2012-13

The annual average exchange rate of the rupee went up from 47.92 per dollar in 2011-12 to Rs.54.41 per dollar in 2012-13 and further to Rs.60.50 per dollar in 2013-14

India's foreign exchange reserves increased from $292 billion at end March 2013 to $304.2 billion at end March, 2014


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