FM disappoints manufacturers in India, neglects the manufacturing growth in the country
Advertisement
Today, Finance Minister, Arun Jaitley announced Union Budget for FY 2017-18 and there was almost nothing to further boost India as a manufacturing sector.
He started his speech by quoting, “According to the IMF, India is expected to be one of the fastest growing economies of 2017. India has become the sixth largest manufacturing country in the world. Favourable price developments reflect prudent macroeconomic management. Current Account Deficit has gone down to 0.3 per cent of the GDP. Foreign Direct Investment has increased to Rs. 1.45 lakh crore.”
Here’s what the Union Budget added to the manufacturing sector
Advertisement
Advertisement
He started his speech by quoting, “According to the IMF, India is expected to be one of the fastest growing economies of 2017. India has become the sixth largest manufacturing country in the world. Favourable price developments reflect prudent macroeconomic management. Current Account Deficit has gone down to 0.3 per cent of the GDP. Foreign Direct Investment has increased to Rs. 1.45 lakh crore.”
Here’s what the Union Budget added to the manufacturing sector
Advertisement
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
- Axis Bank posts net profit of ₹7,129 cr in March quarter
- 7 Best tourist places to visit in Rishikesh in 2024
- From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
- 7 Things to do on your next trip to Rishikesh