Sunday, May 16, 2021
Home News Reports 'We are now firmly on course to achieve a high growth of 8% plus',...

‘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.

‘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.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Rebel YRS Congress MP who was arrested for criticising Andhra CM Jagan Reddy tortured in custody, images of injuries go viral

Guntur Magistrate ordered medical examination of rebel YRS Congress MP Raghu Rama Krishnam Raju to ascertain his custodial torture

Gujarat: Here’s why the death certificate stats from March to May so far do not prove allegations of massive undercounting of Covid deaths

There are significant concerns that the death tally in Gujarat is vastly greater than what is being admitted by the Government. A recent media...

Israel demolishes Al Jalaa building that housed Al Jazeera and other international media offices short time after warning

Israel had issued a warning that it will demolish the Al Jalaa building that houses Al Jazeera office, after which it was demolished.

The Hindu quietly changes headline after columnist calls Tejasvi Surya a virus: Here are her previous problematic comments

The Hindu published an opinion-editorial by columnist Vaishna Roy on Friday where it called BJP MP Tejasvi Surya a virus.

Punjab: After Modi Govt implements direct benefit transfer, agencies procure record wheat quantity, 9 lac farmers receive Rs 23,000 cr

A farmer named Gurdip Singh from Chak Kalan village said, "I am very happy with this system with money coming directly. I sold my entire crop to government agencies as the MSP was also better this time."

5 years ago, The Week published an article insulting, mocking, lying about Veer Savarkar, today they apologise: Read full details

After a lawsuit filed by Veer Sarvarkar's grand nephew, The Week apologises for a article on Sarvarkar published in 2016

Recently Popular

Narcissism at its worse: After doubts were raised on the help being provided by Sonu Sood, actor gets called out for sharing cringe self-laudatory...

After making questionable claims on helping Covid-19 victims, Sonu Sood now shares cartoons that shows him as a God

Legendary Australian cricketer slams world media for ‘vulture’ journalism, says Incredible India deserves respect: Here is what he said

In a recent post, the former cricketer has expressed his overwhelming support for India and slammed international media for vulture journalism

Charlie Hebdo cartoon mocking Hindu deities for Covid-19 crisis turns out to be fake? Here’s what we know

Some social media users pointed out the hypocrisy of these 'left-liberals', who were just a few months back attacking the same French magazine for publishing cartoons that were allegedly hurtful for Muslims.

How NDTV played with words to give impression that Kerala woman died due to Israel, deleted and reposted, but still did not mention Palestine

NDTV subtly peddled an agenda trying to paint Israel as the aggressors and Palestine as the victim after a Indian woman died in terror attacks

While Delhi govt was alleging inadequate oxygen supply, data show it was returning oxygen to suppliers, asked them to store the excess

Due to lack of storage plants and not enough demand, Delhi govt had returned oxygen and asked the suppliers to store them

Former pornstar Mia Khalifa falls for ‘toolkit’ again? Posts unedited tweet against Israel, later defends herself with bizarre explanation

Former porn-star Mia Khalifa accidentally revealed being part of an anti-Israel Twitter storm after she tweeted an unedited post
- Advertisement -

 

Connect with us

255,056FansLike
544,391FollowersFollow
24,300SubscribersSubscribe