Budget 2016: FM Arun Jaitley outlines priorities, says India stood ground amid weak global environment

Finance Minister Arun Jaitley, while presenting his Budget 2016-17, said India stood ground amid global headwinds. Jailtey said the IMF saw India has a bright spot amid slowing global economy. There were higher expectations from India as global financial markets were not bright.

He took a dig at previous Congress governments and said they turned challenges into opportunities and increased investor confidence as growth had de-accelerated in last three years.
Jaitley said in 21 months, economy grew at a faster pace and bridged the gap of trust deficit.

Forex reserves reached at $350 billion.