Finance Minister Nirmala Sitharaman has presented her maiden Budget and has shown a striking balance between steps for economic recovery and fiscal discipline.
Union Budget 2018-19: Finance Minister Nirmala Sitharaman has presented her maiden Budget and has shown striking balance between steps for economic recovery and fiscal discipline. She started her speech by saying that we will become 3 trillion dollar economy in the current financial year and shall move to 5 trillion dollar economy in the coming few years. She laid growth path and reiterated that gone are the days of policy paralysis. A major push is given for infrastructure projects and the creation of a blueprint for the same shall boost the economy.The finance Minister assumes India to become a 3 trillion USD economy in the current year and target 5 trillion USD in the coming years.
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With the steps and measures announced taken today, it’s a budget which is presented with a vision of next 10 years in mind. Budget has addressed both short term and long-term framework for getting the economy back on track and focus of long term economic growth. Measures like providing liquidity to NBFC, PSU Banks recap may be assumed as short to medium term measures which can dress immediate concerns while giving importance for infra push, housing for all, doubling of farm income and others shall drive the long run economy.
Source: Financial Express
