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#Budget2019: Inflation Down To Just 2.1 Per Cent In December 2018; Fiscal Deficit Target Revised To 3.4 Per Cent
Railway Minister Piyush Goyal at a press conference in New Delhi. (K Asif/India Today Group/Getty Images)
Piyush Goyal began his budget speech by stating by 2022, all Indian citizens would live a clean and healthy life and where everyone would have access to toilets.
By 2022, the NDA government has endeavored to rid the country of corruption and nepotism. India is not only the fastest growing economy in the world, it is also a bright spot in the otherwise volatile world economy, said Goyal.
He added that under the Narendra Modi government, GDP growth was higher than any other government since the economic reforms of 1991.
Noting that inflation is hidden tax and unfairly targets the poor and middle classes, he stated that the government has brought down average inflation to 4.2 per cent, lower than any other government,
The fiscal deficit target has been revised from 3.3 per cent to 3.4 Per cent for 2018-19. Also, Current account deficit will be contained to 2.5 per cent.
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