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Budget 2013: India faces challenge of return to 8 percent growth -- Chidambaram

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Reuters Delhi, India

NEW DELHI (Reuters) - Finance Minister P. Chidambaram began presenting one of the most highly anticipated budgets of recent years on Thursday, as the government looks to rein in a bloated fiscal deficit and restore confidence in Asia's third-largest economy.

The 2013/14 budget caps an intensive seven-month campaign by the energetic Chidambaram, who was appointed last August, to turn around India's fortunes after years of policy drift and global economic turmoil.

(Reporting by Delhi newsroom)

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First Published: Feb 28 2013 | 11:08 AM IST

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