2010 Union budget of India
2010 Union budget of India
The 2010 Union Budget of India, presented by Finance Minister Pranab Mukherjee on February 26, 2010, was a significant fiscal plan aimed at addressing the challenges posed by the global economic downturn while fostering growth and development. The budget emphasized inclusive growth, with a focus on social sector spending, infrastructure development, and enhancing agricultural productivity. Key initiatives included an increase in allocations for education, health, and rural development. The government targeted a fiscal deficit of 5.5% of GDP for the fiscal year 2010-11, down from 6.9% in the previous year, reflecting a commitment to fiscal consolidation. The budget received mixed reviews, balancing the need for economic recovery with the challenge of managing public debt.