BUDGET - BMR Advisors

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GROWTH IN STEEL PRODUCTION (IN PERCENT)Source: MoS&PI, GoI dataCementCement production (weight of 1.99 percent in the IIP) registereda growth of 4.5 percent (provisional) in November 2007compared to 11.8 percent in November, 2006.Cumulative cement production during FY 2007-08 (April-November) was 112 MMT as against 104 MMT produced duringthe corresponding period of the previous year, registering agrowth of 7.6 percent (provisional) compared to 10.6 percentduring the corresponding period of the previous year.PERFORMANCE OF CEMENT PRODUCTIONSource: MoS&PI, GoI dataGROWTH IN CEMENT PRODUCTION (IN PERCENT)Source: MoS&PI, GoI dataindia<strong>BUDGET</strong>200811
Evolving infrastructure landscapeEven as India continues to grow at over 8 percent, balancedincrease in the gross capital formation (GCF) in infrastructure asa proportion of GDP emerges as the most important necessitiesfor sustaining high economic growth. Recently, though therehave been investments in the infrastructure sector, the GCF as aproportion of GDP continues to be lower at around 3.5-4 percent.As far as the physical infrastructure is concerned, there exists ahuge deficiency.India’s GDP is projected to grow annually at an average rate of 9percent during the 11th Plan. When compared to the countriesin Asia, India’s investment level in infrastructure continues toremain low. GCF in infrastructure needs to be progressivelyaccelerated to higher levels.PROJECTED GDP AT MARKET PRICES AND GROWTHSource: Planning Commission, GoI dataAppreciating the significance of infrastructure development andthe severe bottleneck its non-existence could create in achievingthe targeted growth, today, the Government of India is focusedon infrastructure development more than ever before.Ambitious investment programmes for infrastructuredevelopment in certain sectors have been carved out by theGovernment. These sectors include electricity, roads, telecom,railways (including metro rail projects), ports, airports, storage,gas, irrigation, water supply and sanitation.The estimates of investments projected suggest a quantumjump in investments in infrastructure compared to the amount ofinvestments made during the 10th Plan. The GCF ininfrastructure is expected to rise from USD 63 billion in12india<strong>BUDGET</strong>2008
Page 1 and 2: indiaThought LeadershipBUDGET2008Im
Page 4 and 5: C O N T E N T SFOREWORDECONOMIC IND
Page 6 and 7: FOREWORDInfrastructure is the backb
Page 8 and 9: ECONOMIC INDICATORS AT A GLANCEIndi
Page 10 and 11: period of the previous year, regist
Page 12 and 13: GROWTH IN CRUDE PETROLEUM PRODUCTIO
Page 16 and 17: FY 2007-08 to 139 billion in FY 201
Page 18 and 19: Renewable energy sources which incl
Page 20 and 21: TransmissionDuring the period FY 20
Page 22 and 23: Policy developmentsElectricity (Ame
Page 24 and 25: PROJECTED INVESTMENT IN THE POWER S
Page 26 and 27: AVIATION INFRASTRUCTUREAs India’s
Page 28 and 29: necessary to carry out amendments t
Page 30 and 31: The ACP is designed to provide a fo
Page 32 and 33: estimated cost of Rs 18.08 billion,
Page 34 and 35: is projected to scale up to Rs 869
Page 36 and 37: ROADS AND BRIDGESIndia has one of t
Page 38 and 39: Carriers’ Act, 1865 and would cat
Page 40 and 41: RAILWAYSThe Indian Railways is the
Page 42 and 43: estimated cost of Rs 280 billion•
Page 44 and 45: BUDGET EXPECTATIONS - POWERThe majo
Page 46 and 47: Customs and Excise duty rationaliza
Page 48 and 49: significant cost efficiencies (both
Page 50 and 51: Central sales taxDeclared goods sta
Page 52 and 53: during initial tax holiday years, s
Page 54 and 55: Reduction of customs duty on cold s
Page 56 and 57: Reduction of CST from 3 percent to
Page 58 and 59: Name of the Scheme FY 2007-08 FY 20
Page 60 and 61: • The amendment to take effect fr
Page 62 and 63: from customs duty. However, within
Page 64 and 65:
legal right of possession and effec
Page 66 and 67:
• Reduction of peak rate of excis
Page 68 and 69:
• Supply of tangible goods where
Page 70 and 71:
Thus, import of goods for airport d
Page 72 and 73:
GLOSSARYAAIACDACPAERAATFATMBCDBIALB
Page 74:
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BUDGET - BMR Advisors

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