Budget 2019: How was fiscal year 2018-19

New Delhi, Feb 1: Finance Minister Piyush Goyal said the last five years saw India being universally recognized as a bright spot in the world economy and India is the fastest growing large economy in the world economy today.

• Inflation is a hidden and unfair tax; from 10.1 per cent during 2009-14, we have broken the back of back-breaking inflation
• Inflation in December 2018 was just 2.1 per cent
• Fiscal deficit has been brought down to 3.4 per cent in the revised estimate of 2018-19
• Fiscal deficit is likely to be 2.5 per cent in 2019-20
• Current account deficit is expected to be 2.5 per cent this year
• The next-generation reforms in last five years have set the stage for decades of high growth
• Close to 3 lakh crore already recovered in favour of banks and creditors, big defaulters too not spared by our government
• Recapitalization of banks amounting to 2.6 lakh crore has been done