Income Tax slabs to fiscal deficit, all the key points from Budget 2020

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

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% - its weakest pace since the global financial crisis of 2008-09.

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

DEFICIT
 

* Fiscal deficit for 2019/20 seen at 3.8% of GDP

* Fiscal deficit for 2020/21 seen at 3.5% of GDP

BORROWING
 

* 2020/21 net market borrowing seen at 5.36