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Key Features of Budget 2019-2020 some Important key topics are given below..
Growth of Economy accelerated to 7.6% in 2015-16.
India hailed as a ‘bright spot’ amidst a slowing global economy by IMF.
Robust growth achieved despite very unfavourable global conditions and two consecutive years shortfall in monsoon by 13%
Foreign exchange reserves touched highest ever level of about 350 billion US dollars.
Despite increased devolution to States by 55% as a result of the 14th Finance Commission award, plan expenditure increased at RE stage in 2015-16 – in contrast to earlier years.
CHALLENGES IN 2017-18
Risks of further global slowdown and turbulence.
Additional fiscal burden due to 7th Central Pay Commission recommendations and OROP. ROADMAP & PRIORITIES ‘Transform India’ to have a significant impact on economy and lives of people.
Government to focus on –
ensuring macro-economic stability and prudent fiscal management.
boosting on domestic demand
continuing with the pace of economic reforms and policy initiatives to change the lives of our people for the better.
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