The budget to help improve the economical scenario in India
After the formation of the new government led by Prime Minister, Narendra Modi, the finance ministry had a tough task of preparing a budget that could help answer the problem that the Republic of India has been facing. However it cannot be expected that all the problems will get answered at once. The people of India have been certainly waiting the plan that will be executed by the newly formed government. They expect that the plan will help in improving the economic condition of the country and also act as a catalyst to boost confidence in investors’. The real estate sector and department of infrastructure has shown a positive attitude towards the proposed budget.
The finance minister, Arun Jaitley stated that the last government’s commitment of reducing fiscal deficit to 4.1% will be a tough task for them. However he hopes that the budget that they have provided will help in reducing the fiscal deficit further down to 3.6% by the year 2015-16 and further down to 3% in 2016-17. The new government will hopefully deliver in providing the country with benefits especially in the fields where it lacks proper development.
Sourc e: The Financial Express
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