Union Finance Minister Pranab Mukherjee began presenting the Union Budget 2010-11 in the Lok Sabha today at 11 am. Here are the key highlights of the Budget:
- Business sentiment weak at the time of last Budget
- Averted crisis, Indian economy far better situation
- Southwest monsoon undermined kharif crop
- Short-term global outlook bleak during FY10 Budget
- First challenge is to quickly revert to high GDP growth
- Confident now economy in far better position
- GDP growth hitting double-digit remains 1st challenge
- Thrust for infrastructure in rural areas
- Budget cannot be a mere statement of government account
- First challenge is to return to high GDP growth of 9%
- Second challenge is to make development more inclusive
- Budget will also signal policy for future
- State of the economy better
- FY10 was a challenging year for the economy
- Budget realises the need to strengthen food security
- Some sectors have helped improve economic condition
- Focus of economic activity shifted to non-govt factors
- Govt must enable enterprise
- Economy can achieve 10% GDP growth, says FM
- Focus to improve food security and healthcare systems
- Focus on development of infrastructure in rural and urban areas likely
- FM indicates review of stimulus is now important
Budget 2010 :Benefit to Stocks/sectors you should bet on post Budget
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