‘We are now firmly on course to achieve a high growth of 8% plus’, Read the Finance Minister’s initial Budget speech remarks

Arun Jaitley stood up to present the final budget of the Modi governments 5 year term in the Parliament. His initial remarks in his budget speech are as below :

  • Four years ago we pledged to the people of India to give to this nation an honest and clean, transparent government. We promised a leadership capable of taking difficult decisions and restore strong performance of the Indian economy.
  • We promised to reduce poverty, expedite infrastructure creation and build a strong, confident and new India
  • When our government took over our country was considered to be a part of fragile five. A nation suffering from policy paralysis and corruption. We have decisively reversed this.
  • The government led by PM Shri Narendra Modi has successfully  in implementing a series of fundamental structural reforms. With the result , India stands out as amongst the fastest growing economies in the world.

The Finance Minister said that the journey has been challenging and rewarding. ‘As a result of this FDI has increased’, he said. He also mentioned that the ease of doing business has improved.

The FM highlighted that the natural resources were being allocated transparently. He said that the benefits to poor has been targeted better with the use of digital technology. Demonetisation has reduced the cash currency in circulation.

- Advertisement - - Article resumes -

‘There is a premium on honesty’ he said.

The insolvency and bankruptcy code had reshaped the lender and debtor relations as per the FM. Jaitley said that these reforms would aid growth in future. Other important remarks of finance minister are :

  • India is now a $2.5 trillion economy, 7th largest in the world.
  • India is expected to become the 5th largest economy very soon, the finance minister informed the house.
  • GDP growth of 6.3% in second quarter signal a turnaround in the economy. We expect to grow 7.2 to 7.5% in the second half (of this fiscal).
  • Manufacturing has returned to returned growth. Service have also resumed high growth in excess  of 8 % .
  • Exports are expected grow at rate 15% in 2017 -18.

“We are now firmly on course to achieve a high growth of 8% plus.”, said an optimistic Arun Jaitley.

Share This Post and Support:
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.

Most read articles recently

Rahul Gandhi’s lucrative and seemingly clandestine means of income and his links to scam accused FTIL, Unitech

How does Rahul Gandhi earn to buy land and other properties? A mystery we try to unravel
Prakash Raj was welcomed with pro-Modi slogans in Bengaluru

Actor-turned-politician Prakash Raj greeted with pro-Modi slogans as he went to file his nomination

Prakash Raj seemed visibly miffed with a large number of Modi supporters welcoming him with pro-Modi slogans in Bengaluru
Rahul Gandhi

Staring at an imminent defeat in Amethi, Congress on the scout to secure a safe seat for Rahul Gandhi

The Congress units of southern states have been feverishly imploring Rahul Gandhi to fight from any constituencies in southern states, apart from Amethi in Uttar Pradesh .

AAP propagandist tweets false claim about Adani Group, deletes due to fear of defamation

Earlier Delhi's Education Minister Manish Sisodia had also tweeted false claim about Adani Group

Gujarat Congress nominates 17 candidates for Jamnagar Lok Sabha seats, Hardik Patel does not make the cut

Hardik Patel had earlier expressed his desire to fight from the Jamnagar Lok Sabha constituency

How Caravan and Congress’ attempts to create ‘bribegate’ before 2019 election fell flat

The 'bribegate' that Congress and The Caravan tried to cried falls flat on its face on several counts. 
Congress' official twitter handle tweets the wrong date of Shahidi Diwas

Congress commemorates Bhagat Singh, Rajguru and Sukhdev, with the wrong date of their martyrdom

The official Twitter handle of Congress probably realised their goof up and promptly deleted the Tweet with the wrong date.

‘What is your source of income?’ Union Minister Ravi Shankar Prasad targets Rahul Gandhi over his assets

Union Minister Ravi Shankar Prasad addressed a press conference today and raised questions about Rahul Gandhi's source of income. In a recent report, OpIndia.com had raised many of the same questions raised by Prasad.
Pulwama attack

From stone pelter to over ground worker: Arrested Jaish terrorist reveals his role in Pulwama terror attack

The Delhi Special Cell is now in the lookout for two other youths, Tanveer from Tral and Bilal from Gadpora, whom Khan had recruited as suicide attackers.

Latest articles

Connect with us


Don't miss these

Share This Post and Support: