Senin, 16 Februari 2009

Highlights of India's Interim Budget

Here are the key points of Pranab Mukherjee's interim budget.

> Economy grew at 9% for 3rd straight year
> Per capita income grew 7.4% during UPA regime
> Farm growth at 3.7% in last 4 years
> Foreign trade at 35.5% of GDP during 2007-08
> Agriculture growth outlook for 2009 looks encouraging
> Growth rate of exports down to 17.1% in 9 months
> India second fastest growing economy in the world
> Outlook for 2009 encouraging if rainfall normal
> Record FDI of $32.4 billion in 2008-09
> Govt may consider additional fiscal measures in budget
> Need to accelerate pace of policy reforms
> Govt to expand employment generation schemes
> Planned allocation for agriculture up by 300% between 2004-09
> MSP for paddy increased to Rs 900 per quintal in 08-09
> Farmers' debt waiver of Rs 65300 crore till now
> Outlay for higher education rose 900% in 11th 5-year-plan
> State-run PSU profits up 72% to Rs 91,000 crore in 08-09
> 55 loss-making PSUs against 73 when UPA took over
> Have taken steps to deepen, widen securities market
> Revenue deficit seen at 4.4% vs 1% earlier
> Fiscal deficit at 6% of GDP vs 2.5% in the Budget Estimate
> Infrastructure spending to be 9% of GDP by 2014
Courtesy: NDTV

The full text of Pranab Mukherjee's budget speech is available here.

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