Budget 2020-21: India has emerged as the fifth largest eonomy in the world: FM

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Highlights…..

Average household now saves 4 pc in monthly expense after rollout of GST, says FM. rollout of GST, says FM.

FM terms GST as historic structural reform; says it integrated country economically. integrated country economically.

Fundamentals of economy strong, inflation well contained, banks cleaned up accumulated loans: FM. banks cleaned up accumulated loans: FM.

FM says Budget is for boosting income, purchasing power of people. power of people.

Fundamentals of economy strong, inflation well contained, banks cleaned up accumulated loans: FM. banks cleaned up accumulated loans: FM.

During 2014-19, govt brought paradigm shift in governance: FM presenting Budget for 2020-21. governance: FM presenting Budget for 2020-21.

“India is now fifth largest economy in the world,” says Finance Minister Nirmala Sitharaman.

Our consulting editor Gurbir Singh notes: Significantly, in the backdrop to the budget, demonetisation was not mentioned as a contributor to the economy. This is a first

Tried to bring ease of living for all: FM

The finance minister explained that Budget 2020 aims to boost the income and purchasing power of people.

Hoping for a dynamic and vibrant economy: FM

In her budget speech at the Parliament, finance minister Nirmala Sitharaman said Budget 2020 aims for India to become a dynamic and vibrant economy. With an emphasis on making businesses innovative, she said that the budget is aimed at bringing a budget that fulfils the aspirations of all sections of the society.

“Working for a common goal of shared prosperity,” she said.

Aspirational India and economic development focus of Bugdet: FM

Nirmala Sitharaman said the key focus aread of the Budget 2020 are “aspirational India and economic development for all.”

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