Global ratings agency Moody's says the FM has announced a realistic fiscal consolidation plan in the Budget, which is a credit positive move.
Budget 2013: Highlights | Full text of speech
He added that only 42,800 people of the country's 1.2 billion population have admitted to earning a taxable income of Rs. 1 crore or more. 
The central bank said Chidambaram has laid the foundation for lowering deficits, apart from supporting both domestic and foreign investments.
