FM disappoints manufacturers in India, neglects the manufacturing growth in the country
Feb 1, 2017, 13:19 IST
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
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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