2019-2020 Union Budget

On July 5th, Finance Minister Nirmala Sitharaman presented the full budget for financial year 2019-2020. The Budget lists down the Government’s macro-economic plans for boosting sustained economic grow, including how to achieve its goal of becomming a US$5 trillion dollar economy by 2025.

The budget also includes the governments 10-point vision for the next decade:

  • Building Team India with Minimum Government Maximum Governance
  • Achieving Green Earth and Blue Skies through sustained initiatives to reduce pollution
  • Making Digital India reach every sector of the economy to drive inclusive development
  • Launching Gaganyan, Chandrayan, other space and satellite R&D and launch programmes
  • Building all-round physical and social infrastructure to help maximise human potential
  • Water, waste management, and clean rivers to improve India’s Human Development Index
  • Blue Economy can serve as a growth catalyst to establish a $10 trillion economy by 2032
  • Self-sufficiency, export of food-grains, pulses, oilseeds, fruits and vegetables and products
  • Achieving health with Ayushman Bharat (Healt-care Insurance), well-nourished women & children, safety of citizens
  • Focus on MSMEs, startups, defence, auto, electronics, medical devices under Make in India

An overview of the budget can be found here (pptx): Budget 2019-20

A synopsis of the budget can be found here: MBG-Union-Budget-Synopsis-2019

The 2018-2019 Economic Survey can be found here: Economic Survey 2018-19

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