Not only India but amid the current economic slowdown globally, Finance Minister Nirmala Sitharaman is going to present the General Budget of the country today. It is expected that the Finance Minister can present the "feel good" budget to boost the economy. In the same good budget, there can be many big announcements such as personal income tax cuts, concessions for rural and agricultural sectors, allocations for infrastructure sector projects. This general budget presented today is the second budget of Nirmala Sitharaman. This is also the second budget of the second term of the Modi government.
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Government sources and economists say that amid the biggest economic slowdown for more than a decade, the finance minister can take all possible steps to increase consumer demand and investment. Several big steps can be taken in this budget to achieve the goal of making the country a $ 5 trillion economy by 2025. To achieve this goal, it is necessary to increase economic growth. The country's economy is going through a slowdown. The GDP is estimated to be 5% in the current financial year. This will be the lowest economic growth in 11 years.
Finance Minister Nirmala Sitharaman reaches Parliament, budget will be presented at 11 am
On the global level, there is tension in the geopolitical field. The trade war between the world's first and second largest economiy has been going on for a long time. There is less tension in it now. In such domestic and global circumstances, it is a big challenge for the Finance Minister to present a budget that achieves better economic growth. A clear roadmap can be presented in this budget to make the country an economy of $ 5 trillion by 2025. Looking at the Economic Survey laid in Parliament on Friday, then in this, the government has given many measures to speed up the economy. There were measures to increase the confidence of the industry and to make business easier.
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