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Budget 2019: How was fiscal year 2018-19

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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.

Piyush Goyal

Congress' Manish Tewari claims Budget leak, says pointers being 'circulated by govt sources'

  • 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

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