Union Finance Minister Arun Jaitley presents his third budget today. India is seen as a bright spot in the global economy. Mr. Jaitley faces the tough task that is balancing the needs of farm sector and industry sector. Arun Jaitley will present the budget from 11 AM. Mr. Jaitley delivers the spending plan of next 12 months.
Mehda Samant of Fidelity Investments told that, “The government needs to strike a balance between fiscal stimulus and reforms. We’re expecting a clear roadmap for policy reform and economic intent.” The Indian Budget will effect on lives of 1.2 billion people.
The big expectation is government will try and boost the rural economy. People will be watching what ideas the government has to raise money. A topmost point in mind of analysts that is fiscal balance and how the FM can boost the economic growth.
The union budget 2016 should focus on reviving the dormant investment cycle and raising the revenue base. Will the FM be able to strike the right balance between fiscal prudence and providing booster shots for growth?
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