Finance Minister of India announced the interim Budget 2009 in Parliament. Mukherjee pointing out that the United Progressive Alliance (UPA) had succeeded in implementing the promises outlined in the Common Minimum Programme (CMP).
“Achieving 7% growth rate on a sustained basis was one of the targets of the UPA,” Mukherjee said. “And the country clocked above 9% growth rate for three consecutive years — FY06, FY and FY08.”
Highlights of 2009 Interim Budget:
*
All efforts made to deliver on commitments
*
Sustained growth over 9% in last 4 years
*
Per capita income grew 7.4% during UPA regime
*
Gross domestic savings rate at 37.7%, gross cap formation at 14.2%
*
Tax-GDP ratio at 12.5% in 2007-08, close to fiscal correction target
*
Domestic investment rate over 39% in FY08
*
Growth drivers - agriculture, services, manufacturing, construction
Outlook for food grain production encouraging for coming year
*
Exports grew at annual average rate of 26.4% during last 4 years
*
Challenges related to capital inflows and global inflation
*
We have weathered the crisis, but no room for complacency
Read the complete budget 2009 analysis and highlights at www.stockinvest.in>>>
“Achieving 7% growth rate on a sustained basis was one of the targets of the UPA,” Mukherjee said. “And the country clocked above 9% growth rate for three consecutive years — FY06, FY and FY08.”
Highlights of 2009 Interim Budget:
*
All efforts made to deliver on commitments
*
Sustained growth over 9% in last 4 years
*
Per capita income grew 7.4% during UPA regime
*
Gross domestic savings rate at 37.7%, gross cap formation at 14.2%
*
Tax-GDP ratio at 12.5% in 2007-08, close to fiscal correction target
*
Domestic investment rate over 39% in FY08
*
Growth drivers - agriculture, services, manufacturing, construction
Outlook for food grain production encouraging for coming year
*
Exports grew at annual average rate of 26.4% during last 4 years
*
Challenges related to capital inflows and global inflation
*
We have weathered the crisis, but no room for complacency
Read the complete budget 2009 analysis and highlights at www.stockinvest.in>>>
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