Finance Minister Nirmala Sitharaman on Friday unveiled a Union Budget aimed at boosting infrastructure in several sectors, the first since the Narendra Modi government returned for a second term in power, Reuters reported.
Here are the highlights of the Union Budget for the 2019/20 fiscal year beginning April 1:
# India will become a $3 trillion economy in the current fiscal year, and a $5 trillion economy in the next few years.
# India to invest heavily in infrastructure and job creation.
# The government will carry out a restructuring of highway building. programme to ensure enough capacity is created.
# Railway infrastructure will need an investment of $72 billion between 2018 and 2030.
# India will enter into aircraft financing and leasing activities.