Fir! "#$%r'%! ()!%r *0 +%(r, .i/. .( ( /%(r '(#ri!+ #) i! #
Fir! !i'% i I3i( .i!#r+, %#% #) I3i( $#!%3 )#r 3%$%#'%! & "r#!.
T( E%/!(!i# )r#' !.% Ui# B63"%!
 
UNION BUDGET 2014–15 – BACKDROP
I3i( %%3%3 /#'r%.%i$% (/!i# ( i /6rr%! %/##'i/ %$ir#'%!
B6!
T( E%/!(!i# )r#' !.% Ui# B63"%!
 
UNION BUDGET 2014–15 – BACKDROP
S%/!#r 2011 – 12 2012 – 1* 201* – 14 2014 – 15 9 A"ri/6!6r% 50: 14: 4;: **: I36!ri% ;<: 10: 04: **: S%r$i/% ==: ;0: =<: ;0: GDP =;: 45: 4;: 54: - 5>:
Ur"%! %%3 !# ?ri" !.% %/##'+ # !r(/@
 
W#r3 GDP Tr%3
GDP #) G6(r(! .( "r# ?+ 10: i/% 2001
 
UNION BUDGET 2014–15 – BACKDROP
S%/!#r 2010 – 11 2011 – 12 2012 – 1* 201* – 14 A"ri/6!6r% 14=: 144: 1*>: 1*>: I36!ri% 2;>: 2<2: 2;*: 2=0: S%r$i/% 5;5: 5;4: 5<<: 5>>:
Sources : Central Statistics Office, RBI
S.(r% #) V(ri#6 S%/!#r #) !.% %/##'+ i !.% GDP
 
 %(r 2011 – 12 2012 – 1* 201* – 14
W.#%(% Pri/% I3% WPI
<> ;4 =0
<4 104 >;
I)(!i# R(!%
UNION BUDGET 2014–15 – BACKDROP
Gr# D#'%!i/ S($i" ( ( : #) GDP 200> – 10 2010 – 11 2011 – 12 2012 – 1* 201* – 14
**; **; *1* *01 *05
U)#r!6(!%+ ($i" 3i$%r!%3 !# 6r#36/!i$% (%! i@% G#3 & R%( E!(!%
S($i" R(!%
2010 - 11 2011 - 12 2012 - 1* 201* - 14
A$" E/.("% R(!% R 455= 4;>2 544 =05
FDI Mii# 11,<*4 22,0=1 1>,<1> 21,5=4
FII Mii#
*04< 2>44 2>20 *042
F#r%i" E/.("% R%%r$%, FDI & FII F#
 
INR i /r#r%
15= Bii# E6i!+ >,*=,000 *5 Bii# D%?! 2,10,000
1>1 Bii# T#!( 11,4=,000
•Market Cap Rs. in Cr. •# as on ul! " $"%&
Rs. '" ( % )S
200> – 10 2010 - 11 2011 - 12 2012 - 1* 201* - 14 76+
2014   2014 -
S%% 1;25< 1>445 1;404 1<<*= 22*<= 25445 2>=<5
S%% PE 21 21 1< 1; 1< 1< 21
M(r@%! C( 9 =2,=1,;<; =>,0;,;<< =2,45,*=5 =4,1=,2=< ;5,21,05; <>,><,0*=
S!#/@ M(r@%! & FIIH
 
UNION BUDGET 2014–15 – BACKDROP
C6rr%! A//#6! D%)i/i!  %(r  2012 – 1* 201* – 14 2014 – 15
A ( : #) GDP 4;: 1;: 21:
S!i r%'(i ( /#/%r
F#r%i" Tr(3%
C#6!r+ I3% 2010 2011 2012 201* 2014
 I3i( Ni)!+ 1;* -24> 2;* *12 2;*1
 USA D# 7#% >4 4; 5; 1*2= <;2
 7(( Ni@@%i -40 -1<; 214 **> *5
 UK FTSE ;* -;* *5 *; 54;
 C.i( S.(".(i -1*4 -22> 4= -;14 =<=
Tr%3 i "#?( !#/@ '(r@%!
 
W% i .($% !# 3%/i3% S.#63 % (# !.i 3ri)! !# /(rr+ # (3 (!/. .%%+
S.#63 % (# #6r )6!6r% !# 6))%r ?%/(6% #) i3%/ii$%%
S.#63 % ?% $i/!i' #) '#r% #6i6' #r (!%)6 %%3i!6r%
 - Fi(/% Mii!%rJ S%%/.
 
B63"%! S%%/.
 
Fr%. /(% !# ?% r%)%rr%3 ?%)#r% (/!i# !# ( .i". #%r%3 /#''i!!%% )#r'%3 ?+ CBDT
Ei!i" /(% .( "# (.%(3 ( !.%+ (r%
 
B63"%! S%%/.
 
B63"%! S%%/.
 
B63"%! S%%/.
I'#r!(! A#6/%'%! i !.% B63"%! S%%/.
Ki( Vi@( P(!r( !# ?% r%i!r#36/%3 – ?(@%3 & 6?(@%3 ($i"
PPF i$%!'%! i'i! %!%3%3 !# R 15 (/
 
2014 - 15 B63"%! %!i'(!%
1 R%$%6% r%/%i! <,;>,2*2 10,2>,252 11,<>,;=* 2 T( r%$%6% %! !# /%!r% ;,41,<;; <,*=,0=2 >,;;,52< * N# - !( r%$%6% 1,*;,*55 1,>*,22= 2,12,505
4 C(i!( r%/%i! 5=; 5,*1,140 5,=1,1<2 =,05,12> 5 R%/#$%ri% #) #( 15,0=0 10,<02 10,52; = O!.%r r%/%i! 25,<>0 25,<14 =*,425 ; B#rr#i" (3 #!.%r i(?ii!i% 4,>0,1>0 5,24,5*> 5,*1,1;;
< T#!( r%/%i! 14 14,10,*;2 15,>0,4*4 1;,>4,<>2 > N# - ( %%3i!6r% >,>=,;4; 11,1;,>02 12,1>,<>2
10 O r%$%6% (//#6! #) .i/., >,14,*0= 10,2;,=<> 11,14,=0> 11 I!%r%! (+'%! *,1*,1;0 *,<0,0== 4,2;,011 12 O /(i!( (//#6! <2,441 <;,214 1,05,2<*
1* P( %%3i!6r% 4,1*,=25 4,;5,5*2 5,;5,000 14 O r%$%6% (//#6! *,2>,20< *,;1,<51 4,5*,50* 15 O /(i!( (//#6! <4,41; 1,0*,=<1 1,21,4>;
1= T#!( %%3i!6r% >1* 14,10,*;2 15,>0,4*4 1;,>4,<>2 1; R%$%6% %%3i!6r% 1014 12,4*,514 1*,>>,540 15,=<,111
1< O) .i/., "r(! )#r /r%(!i# #) /(i!( (%!
1,15,1;0 1,*<,22< 1,=<,104
1> C(i!( %%3i!6r% 1215 1,==,<5<, 1,>0,<>4 2,2=,;<1
20 R%$%6% D%)i/i! 1;-1 *,=4,2<2 *,;0,2<< *,;<,*4<
*= ** 2>
21 E))%/!i$% r%$%6% 3%)i/i! 20-1< 2,4<,5;2 2,*2,0=0 2,10,244
25 20 1=
22 Fi/( D%)i/i! 1=-15= 4,>0,1>0 5,21,5*> 5,*1,1;;
4< 4= 41
1< 1* 0<
 
Fi/( D%)i/i!
Fi/( D%)i/i!
GDP
1*: 22: 22: 22: 24: 2=: 2*: 1>:
S.(r% #) S6?i3i% – ( i! i,
.%!.%r i! i B7P #r C#"r%
 
D%)%/% O6!(+
6"% ##r!6i!+ )#r I3i( I36!r+ !# !( D%)%/% S%/!#r 
 
FDI i R%( E!(!% r%(%3
C.%(%r /r%3i! !# # /#! .#6i"
T( 3%36/!i# i'i! )#r #6i" L#( i!%r%! r(i%3 )r#' R 15 !# R 2 (/ US 24
S%/ <0 – C Li'i! )r#' #6i" L#( i!('%! 3%36/!i# r(i%3
D%$%#'%! #) 100 S'(r! Ci!i%
 
I/#'% T( E%'!i# i'i! )#r I3i UF r(i%3 Fr#' 2,00,000 !# 2,50,000
  Fr#' 2,50,000 !# *,00,000 P%r# (?#$% =0 +r   N# /.("% – R 5,00,000 P%r# (?#$% <0 +r
Di$i3%3 Di!ri?6!i# T( i/r%(%3 )r#' 15: !# 1;=4:
 
I/#'% T( T((!i# #) REITS – .( ?% i!%3 # !#/@ %/.("% i ?% !(%3 ( E6i!+ S.(r% L#" !%r' "(i – NIL S.#r! !%r' "(i – 15:
  Di$i3%3 – NIL I!%r%! – T((?% # (? r(!%
I$%!'%! i'i! )#r 3%36/!i# 15: US *2AC r%36/%3 !# 25 Cr )r#' 100 Cr )#r i$%!'%! i P(! & M(/.i%r+
Li'i! )#r 3%36/!i# US <0C r(i%3 )r#' R 1 (/ !# R 15 (/
 
I/#'% T(
US 40 ( i )#r # 3%36/!i# #) TDS, #+ *0: %%3i!6r% i ?% 3i(#%3 A (+'%! .%r% TDS i 6#%3 !# ?% '(3% # /#$%r%3
TDS 3%)(6! /( ?% r%#%%3 (r(% i!. r%#%i" #) (%'%! r#/%%3i"
 
I/#'% T( TDS )r#' i6r(/% #i/+ (+'%! .i/. (r% #! %%'! US 10 10D 2: # ('#6! %/%%3i" R 1,00,000-
P#%r #) !.% I/#'% T( C#''ii#%r !# /(/% !.% r%"i!r(!i# #) !.% !r6! i3%%3
 
I/#'% T( C(i!( "(i %%'!i# i %/i)i%3 B#3 # i'i!%3 !# R 50 (/ C(#! ?% i! i 2 +%(r !# /(i' R 1 Cr 3%36/!i#
U3%r S%/!i# 145 '%!.#3 #) /#'6!(!i# #! '%!.#3 #) (//#6!i" i/#'% .( ?% #!i)i%3
 
I/#'% T(
A3$(/% R6i" A6!.#ri!+ )#r r%i3%! !( (+%r (?#$% ( 3%)i%3 !.r%.#3
T# %(r"% !.% /#% #) S%!!%'%! C#''ii#
N# r#$ii# )#r !.% ('% i !.% Fi(/% Bi
 
S(% #) PSU .(r% !# R%!(i P6?i/
G#$%r'%! P( !# % .(r% #) P6?i/ %/!#r 63%r!(@i" !# !.% !6% #) R 4*,425 Cr#r% i".%! %$%r !(r"%!
 
I!%r%!i" (#/(!i# i
 
 
I) +#6 .($% ?6i! /(!% i !.% (ir, +#6r #r@ %%3 #! ?% #! !.(! i .%r% !.%+ .#63 ?% N# 6! !.% )#63(!i# 63%r
!.%'Q
T.% C.(%"%
 
I !.% #r3 #) !.% S.ri A!( B%.(ri V((+%% – 6#!%3 ?+ S.ri (.(! Si.( i .i B63"%! %%/. 1>>> – 2000
With dreams of prosperity and marching at a stormy pace, the tide of