2017 Union budget of India: Difference between revisions
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Revision as of 00:27, 3 August 2024
2017 Union budget of India
The 2017 Union Budget of India, presented by Finance Minister Arun Jaitley on February 1, 2017, marked a significant fiscal plan in the wake of the government's ongoing economic reforms and demonetization initiative. This budget emphasized economic growth, infrastructure development, and social welfare, with a projected GDP growth target of 7.1%. The budget allocated â¹21.47 lakh crore (approximately $305 billion) for various sectors, including agriculture, education, and health care. Notable announcements included the implementation of the Goods and Services Tax (GST), increased funding for rural development, and a focus on digital transactions. The budget aimed to enhance ease of doing business and improve transparency while addressing the needs of a diverse and growing economy.