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India now fifth largest economy: Sitharaman in Budget 2020 speech

Presenting the Union Budget for 2020-21, she said growth of 7.4 per cent was surpassed in 2014-19 with average inflation of 4.5 per cent

Press Trust of India 

Nirmala Sitharaman
Finance Minister Nirmala Sitharaman. Photo: Dalip Kumar

India is now the fifth largest economy in the world and the Central government debt has reduced to 48.7 per cent of GDP from 52.2 per cent in March 2014, Finance Minister said on Saturday.

Presenting the Union Budget for 2020-21, she said growth of 7.4 per cent was surpassed in 2014-19 with average inflation of 4.5 per cent.

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Sitharaman also listed out various welfare schemes like affordable housing, direct benefit transfer (DBT) and Ayushman Bharat.

First Published: Sat, February 01 2020. 11:28 IST
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