Highlights of Union Budget-I

Finance Minister Arun Jaitley is presenting the Union Budget for financial year 2017-18.

Highlights of the Union Budget are as follows:

• We have moved from a discretionary administration to a policy-based administration.

• The focus will be on energizing our youth, to reap benefits of growth and employment.

• India is seen as engine of global growth, have witnessed historic reform in last one year.

• Inflation which was in double digits has been controlled.

• Growth has been restored and measures taken against black money

• Emerging market economies face three challenges: Fed rate hike, uncertainty of oil price, protectionism.

• International Monetary Fund estimates that the world GDP will grow by 3.1% in 2016 and 3.4% in 2017.

• Government has ensured fiscal consolidation without cutting back on public investments.

• Demonetisation of high denomination notes was a bold and decisive measure.

• India has emerged as 6th largest manufacturing country in world, up from 9th. We are seen as growth engine of world.