Author Description

The Mid-Year Economic Analysis 2012-13 is a flagship document of the Ministry of Finance, Government of India, which reviews the trends in receipts and expenditure in relation to the budget of the second quarter of the financial year 2012-13. It also analyses the deviations in meeting the obligations of the Government of India under the Fiscal Responsibility and Budget Management Act, 2003. In particular, the report covers growth trends, an appraisal of the state of the economy (macro and sectoral), assessment of central government finances, evaluation of human capital, and India's role in the context of the global economy.The Mid-Year Analysis is a precursor to the Economic Survey, an annual document of the Ministry of Finance, which reviews the developments in the Indian economy over the past one year, summarizes the performance on major development programmes, and highlights the policy initiatives of the government and the prospects of the Indian economy in the short to medium term.