2012 Union budget of India: Difference between revisions
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Revision as of 00:03, 3 August 2024
2012 Union budget of India
The 2012 Union Budget of India, presented by Finance Minister Pranab Mukherjee on March 16, 2012, was a significant fiscal policy document aimed at addressing the challenges of slowing economic growth and rising inflation. The budget proposed a series of reforms and initiatives to enhance infrastructure, improve social welfare, and stimulate investment. With a projected fiscal deficit of 5.1% of GDP, the budget emphasized prudent financial management amidst global economic uncertainties. Key highlights included increased allocations for education and health, measures to boost rural development, and a focus on financial inclusion. The budget also aimed to enhance tax compliance and mitigate the adverse effects of economic volatility on vulnerable populations.