2014 Union budget of India: Difference between revisions
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|description=The 2014 Union Budget of India, presented by Finance Minister Arun Jaitley on July 10, 2014, marked the first budget of the newly elected Narendra | |description=The 2014 Union Budget of India, presented by Finance Minister Arun Jaitley on July 10, 2014, marked the first budget of the newly elected Narendra | ||
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Latest revision as of 03:29, 3 August 2024
2014 Union budget of India
The 2014 Union Budget of India, presented by Finance Minister Arun Jaitley on July 10, 2014, marked the first budget of the newly elected Narendra Modi-led National Democratic Alliance (NDA) government. Aimed at revitalizing the Indian economy, the budget focused on infrastructure development, job creation, and enhancing foreign investment. It proposed significant increases in allocations for sectors such as roads, railways, and airports, while also emphasizing fiscal discipline. The budget outlined measures to improve tax compliance and reform subsidies for better efficiency. Additionally, it set a target to reduce the fiscal deficit to 4.1% of GDP for the fiscal year 2014-15, reflecting a commitment to sustainable economic growth.