Efforts to widen tax base, increase revenue to continue: FM

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PTI: Singapore, Jan 23 2013, 13:56 IST
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account deficit, expenditure management and slowing economy.

Chidambaram assured the investors that savings from subsidies would help bring down fiscal deficit, said Bhasin.

Among other things, the Minister said that efforts were on to ensure that the savings rate, which was as high as 35-36 per cent of the GDP, is raised to the same level.

Chidambaram also highlighted India's success in many fields including the Aadhar platform, and the country becoming the world's largest rice exporter as well as substantial exporter of wheat.

He said plans were in place to spread the green revolution to other states that have not been impacted by the farm sector programmes of the government.

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