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Union Budget 2018: Here are the key takeaways - IndiaNotes.com
Union Budget 2018: Here are the key takeaways
Rudra Shares and Stock Brokers | Published: 02 Feb, 2018  | Source : IndiaNotes.com

KEY TAKEAWAYS


- Current Indian economy is of 2.5 trillion USD


- India expected to become 5th largest economy in coming years, hope to grow @ 7.2-7.5% GDP in the second half of this fiscal.


- Fiscal Deficit pegged at 3.5 %, projected at 3.3 % for 2018-19


- Expect to achieve FY19 divestment target of Rs 80,000 crore


- Expects Exports to grow at 15%


- FMCG, auto stocks in focus as govt ups rural focus, to spend Rs 14.34 lakh cr in FY19


- Bonanza for Mumbai, Bengaluru suburban commuters- Allocation of ` 17000 crs to Bengluru for Metro Network & ` 11000crs to Mumbai Railway


Focus on Agri & Rural Economy-


- To double farmers income by 2022


- Agri-Market Development Fund with a corpus of ` 2,000 crore to be set up for developing agricultural markets


- MSP for kharif crops hike by 1.5× cost of production


- Agri credit now at ` 1 lakh


- Help for Affordable homes 51 lac in Rural and 37 lac in Urban areas


- 8cr poor women will be given free GAS connections


- 11 lakh cr set for farm credit


- Rural infra allocation at 14.34 lakh cr


- Higher targets for Ujjwala, Saubhagya and Swachh Mission to cater to lower and middle class in providing free LPG connections, electricity and toilets


- Strengthening health & wealth centers- 1200crores allocated National health protection scheme for 10cr poor families (` 5 lac free health care cover per family per year), Setting 24 new govt medical colleges

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.