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Fiscal deficit in 2013-14 is 4.5% of GDP

The fiscal deficit in 2013-14 stood at 4.5 percent of GDP, lower than 4.6 percent projected in the revised estimate, mainly on account of curbs on government expenditure.

Going forward economy can only become stronger: Chidambaram

Chidambaram, however, said there has been shortfall in overall tax collection in the last fiscal.

CAD likely to be $35 bn in 2013-14: Chidambaram

"India's forex reserves have crossed USD 300 billion. We have successfully contained fiscal deficit and current account deficit," Chidambaram said.

'Chidambaram may positively surprise markets on deficit front'

In the run-up to the general elections, Chidambaram will present the vote-on-account next Monday.

Initiatives taken to boost exports, reduce imports: Govt

The country's CAD stood at 5.4 percent of GDP during April-December period of financial year 2012-13 amounting to USD 72 billion.