The country's Finance Minister Nirmala Sitharaman presented the budget 2019 on July 5, in which several major announcements were made and several schemes were launched. In the Union Budget, the Finance Minister made such important decisions that would take the country forward. Former finance minister Arun Jaitley said that the budget 2019 high economy is talking about the return of the country on the path of growth.
On Saturday, he said that this budget is based on the fact that the economies which run on sensitive political policies are always successful compared to those who are negligent on the fiscal front. Jaitley said after the presentation of the budget, a question has always been asked what should be chosen between good economics and clever politics. In his post entitled 'The Budget 2019-20', he said that this option is unfair because any government needs both to stay and perform. PM's first term is proof of better economy and good politics.
Jaitley said that the budget creates political direction for India, who has the hope of development. Several decisions have been taken to relieve the middle class and the new-middle class category. It includes many things like cheap home and electric vehicle. Apart from this, work has been taken to provide basic infrastructure, construction and speed up to real estate sector for generating employment and bringing investment. Jaitley said that India has become a big economy with economic growth from the fastest speed in the world. Growth has increased in the last 2-3 quarters. Definitely the budget will work to bring India back on the path of economy growth in the form of a policy document.
India's economy grew at a 5-year low of 5.8 per cent in January-March quarter. Economy growth rate in full financial year 2018-19 also remained at the 5-year minimum level of 6.8 percent. The economy survey is expected to be 7 percent in the current financial year.
