Budget 2013: 9 Sectors to be Impacted

Bangalore: With a fall in the country’s savings rate from 37 percent to mere 30 percent, the slipping trend has also been observed in the deposit growth and high interest rates of banks. On one hand where savings rate in investment assets like gold has increased, on the other hand the country needs to lower gold imports to get better the insecure current account deficit. With many contradictions going on the performance of various sectors of Indian economy, here is a quick glance on various sectors which can get affected by the upcoming 2013 budget as reported by Lalit Thakkar, Economic Times.

1. Banking

The Banking sector always has a special position when it comes to the financial budget. This is because banks are always trustworthy when it comes to financial deficit implications and also similar implications for market debts by the government. It goes as expected and the budget portrays a lower financial deficit and market debt program, it would have appositive impact on banks as there will be lower government bond results and interest rates.

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