5th February 2019
This article by MSI’s Mumbai based accounting member Chokshi Group provides key highlights of the Interim Union Budget 2019.
Reiterating the pledge given to the people of India five years ago to give this nation an honest, clean and transparent Government and to build a strong, confident and a New India, Honarable Shri. Piyush Goyal, our Finance Minister said, the Government led by Honarable Prime Minister, Shri Narendra Modi, has successfully implemented a series of fundamental structural reforms to propel India among the fastest growing economies of the world.
The Indian economy is now the sixth largest world economy, with the International Monetary Fund (IMF) having projected a growth rate at 7.4% in the financial year 2019- 2020 for India.
The Honarable Finance Minister projected a Fiscal Deficit of 3.4% of GDP for the year 2019- 2020. The Revised Fiscal Deficit estimates for 2019-2020 crore at 2.5% of GDP.
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