2009 Union budget of India: Difference between revisions

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Latest revision as of 03:03, 3 August 2024

2009 Union budget of India

The 2009 Union Budget of India was presented by Finance Minister Pranab Mukherjee on July 6, 2009, during the 15th Lok Sabha's first session. This budget, set against the backdrop of a global economic downturn, aimed to stimulate growth while maintaining fiscal prudence. With a focus on infrastructure development, social welfare, and economic recovery, it proposed an outlay of ₹11,00,000 crore (approximately $220 billion USD) for the fiscal year 2009-10. Key initiatives included increased public spending in sectors like education and health, tax reforms to bolster domestic consumption, and measures to enhance agricultural productivity. The budget reflected the United Progressive Alliance's commitment to inclusive growth and poverty alleviation in India's development agenda.