Budget 2020 LIVE updates: Sitharaman at Finance Ministry, Budget at 11 am
Budget
2020 LIVE updates: Finance Minister Nirmala Sitharaman will present
her second Union Budget in Parliament at 11 am today. The Budget
speech will be keenly watched on both sides of the aisle in
Parliament, and also by investors, both domestic and foreign, besides
various interest groups like farmers and the anxious middle class.
Budget
2020 comes at a time when India is staring at an estimated 5 per cent
annual rate of expansion, the slowest pace since 2009.
The
economy has lately been impacted by slowing trade, rising
protectionism, and concerns over a high level of unemployment. The
recent sluggishness in the economy has led to expectations that the
Budget would contain further stimulus measures to boost growth
through new policy initiatives and continued reforms to achieve
accelerated growth and employment generation.
On
Friday, the government tabled the Economic Survey 2019-20, which
projected the country's GDP growth for 2020-21 at 6-6.5 per cent.
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