.. Budget 2020: Highlights: India Unveils Budget Aimed At Boosting Incomes, Spurring Economic Growth
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02 Feb 2020

Summary

  • Finance Minister Nirmala Sitharaman on Saturday unveiled the budget for fiscal 2020-21, vowing to boost income of Indians and their purchasing power, in a bid to revive domestic economic growth that has slumped.

  • India estimates economic growth this fiscal year, which ends on March 31, will slip to 5 per cent - its weakest pace since the global financial crisis of 2008-09.

  • These are the highlights from Sitharaman's fiscal 2020-21 budget speech:

  • GROWTH/DEFICIT

  • * Nominal GDP growth in 2020/21 estimated at 10 per cent

  • * Fiscal deficit for 2019/20 seen at 3.8......

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