Indian citizens have been anxiously awaiting the Union Budget of 2018-19. Finance Minister Arun Jaitley presented the much anticipated union budget on February 1, 2018.
The Union Budget 2018-19 comes at a time when slowing growth, subdued investment sentiment, and widening fiscal deficit are among the major concerns for the economy. The slowdown in growth has had an impact on job creation as well. In such a scenario, the Budget called for stepping up public investment.
The Budget certainly did not disappoint in relief for farmers, skill development, healthcare, and benefits for seniors. In terms of infrastructure spending too, the government announced some major projects, specifically to develop tourism.