Finance Minister Nirmala Sitharaman is presenting the first full budget of second term of The Modi government. The Finance Minister is presenting this budget at a time when the country's economy is in weak condition. The fears of a bad monsoon, sluggishness in the global economy and the challenges of trade wars are already in the forefront. In the first three months of 2019, GDP has declined to 5.8 per cent, the lowest level in five years. India's economic growth rate has gone below China's 6.4 per cent. which the government is going to take steps to improve.

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In his address, Nirmala Sitharaman said that it is necessary to upgrade roads to connect villages with rural markets. The 1,25,000-km-long road is to be upgraded in the next five years in the third phase of the PMGSY. Emphasizes increasing minimum public stake in listed companies. Government asks SEBI to consider raising from 25 per cent to 35 per cent. GST registered MSMEs will get a discount of 2 per cent in interest. The government allocated Rs 350 crore. Shopkeepers with turnover of less than Rs 1.5 crore will get pension under the "Prime Minister Karma Yogi Mann Dhan" scheme.

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Also will be the emphasis on increasing domestic investment. The range of Foreign Investment (FDI) will increase in the media. 100 per cent investment in insurance. It took us 55 years to become an economy of 1 trillion dollars, and in five years we managed to add another trillion dollars to it. This year, India's economy will be worth 3 trillion dollars. India is the sixth largest economy in the world. 5 years ago it was the 11th largest economy. Read our upcoming posts for further updates.