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Budget 2020: India Clocked Growth Of 7.4 Per Cent Between 2014-19; Inflation Stood At 4.5 Per Cent
Union Budget 2020-21
Union Finance Minister Nirmala Sitharaman has said that between 2014-19, the GDP grew at an average of 7.4 per cent, while in the same period inflation stood at 4.5 per cent.
Union Finance Minister has tabled the Union Budget 2020-21 in the Parliament.
Ahead of her speech, FM Sitharaman and Minister of State (MoS) Anurag Thakur participated in a cabinet meeting chaired by Prime Minister (PM) Narendra Modi in the parliament premises. It should also be noted that the clandestinely kept printed copies of the budget document have also arrived at the Parliament.
The budget comes at a time when the Indian economy is bracing through a slowdown. The nation awaits to listen what FM Sitharaman and her team at the Ministry have packed in the budget's edition to reinvigorate the animal spirits of the economy.
There are wide speculations over the possibility FM Sitharaman announcing of cuts in personal income tax rates and announcement of major reforms in factor markets to boost demand in the economy, and to ensure sustained growth and investments in the years to come.
Notably, the Economic survey 2019-20 tabled yesterday, projects the Indian Economy to grow at a rate of 6 to 6.5 per cent in the upcoming Financial Year 2020-21.
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