Finance Minister Arun Jaitley today listed ‘nine pillars’ including tax reforms, promoting ease of doing business and ensuring fiscal discipline, that will transform India.
Unveiling the Budget 2016-17, he said the pillars also include emphasis on governance reforms.
The other pillars, he added, include focus on agriculture and rural areas with a view to doubling farm income by 2022.
Besides, he said, government will lay greater emphasis on social sectors, education and skill building and job creation for building a knowledge based and productive economy.
- Budget expectations, telecom sector: Industry seeks relief under GST, import levies
- Pre-budget meet: Arun Jaitley chairs meeting with financial sector regulators
- Citing reforms that lift growth, Moody’s upgrades India first time since 2004
- Budget 2016: Everything you need to know
- Budget 2016: Experts React
- Budget 2016: Arun Jaitley tables pro-rural budget, tax sops for small income Indians
The government, Jaitley said, will also focus on infrastructure investment, financial sector reforms, fiscal discipline and tax reforms to reduce compliance burden.