2015 Union budget of India
2015 Union budget of India
The 2015 Union Budget of India was presented by Finance Minister Arun Jaitley on February 28, 2015, marking the first full budget of the National Democratic Alliance (NDA) government led by Prime Minister Narendra Modi. The budget emphasized economic growth, with a projected GDP growth rate of 8%-8.5%, and aimed to enhance infrastructure, investment, and social welfare. Key initiatives included increased spending on rural development, housing, and women's empowerment, alongside tax reforms intended to simplify the taxation structure. The budget also proposed a fiscal deficit target of 3.9% of GDP for the fiscal year 2015-16, an indicator of the government's commitment to fiscal discipline. The 2015 Union Budget was viewed as a crucial step towards steering India towards sustainable economic development amid global challenges.