Jaitley begins presenting India's national budget for 2016-17

Arun-Jaitley-Reuters Finance Minister Arun Jaitley arrives at the parliament to present the federal budget for the 2016/17 fiscal year, in New Delhi on Monday | Reuters

Finance Minister Arun Jaitley began presenting India's national budget for the next fiscal in the Lok Sabha on Monday, amid concerns over stagnating growth, the state of government finances and stuttering pace of reforms.

"I am presenting the budget when the global economy is in crisis," Jaitley said in his opening remarks, adding that India, however, remained the bright spot in this gloom, turning difficulties into opportunities.

He said India's growth has expanded 7.5 percent, despite slowdown in exports, even as inflation had eased, bringing big relief to the general public. He also said foreign exchange reserves were robust. "Indian growth is at an extraordinary high."

This browser settings will not support to add bookmarks programmatically. Please press Ctrl+D or change settings to bookmark this page.

Related Reading

    Show more