Economy

Union Budget 2018 Live Updates: Finance Minister Arun Jaitley Optimistic About India’s Steady Economy Growth 

Written By Abhishek Nair | Mumbai | Published:

Hack:

  • Finance Minister Arun Jaitley’s presentation of the annual budget began with a brief on what the government has achieved over the years leading up to Thursday
  • He also reiterated on the importance of a corruption-free system before presenting the 2018 annual budget in Parliament.

Finance Minister Arun Jaitley’s presentation of the annual budget began with a brief on what the Modi-government has achieved over the years leading up to Thursday. 

He presented a report on all the parameters where India has grown leaps and bounds, putting particular emphasis on on how a corruption-free system is imperative for the growth and said that people of the country are now resorting to more sincere and corruption-free processes. 

He also spoke about how demonetisation had reduced the circulation of high-value currency and that digitisation has come a long way ever since demonetisation. Jaitley tracked the growth of the Indian economy after the NDA came into power and said that the economy had increased steadily on an average of 7.5% GDP growth. 

“India is now a 2.5 Trillion dollar economy, the seventh largest in the world."

"India is soon set to become the fifth largest economy in the world. On purchasing power parity basis, we are already the third largest economy in the world,” said Jaitley while presenting the annual budget 2018. 

The Finance Minister also stressed PM Narendra Modi’s policy of less government and more governance. He also reiterated how India jumped 42 places in the IMF rankings on ease of doing business before presenting the budget.            
 

Watch the Finance Minister's budget introduction in the video above

Below Article Thumbnails
DO NOT MISS