Budget aimed at giving boost to growth with stability: Pranab

FM says there is a 'determined effort to regain the path of fiscal consolidation'.

Finance Minister Pranab Mukherjee today said the budget was aimed at giving boost to “growth with stability” and there was a “determined effort to regain the path of fiscal consolidation.”

“This is a budget for growth with stability. Stability on the prices front and on macro economic front at a time when there is growing uncertainty in the global economy. There is a determined effort to regain the path of fiscal consolidation,” Mukherjee told reporters outside Parliament House.

“There is a determined effort to regain the path of fiscal consolidation,” he said.

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Observing that there is “special thrust” on all forms of investment especially on infrastructure and in agriculture to overcome the supply constraint,Mukherjee said it will help the Government manage the inflation front and comeback to the path of higher growth trajectory.

“The initiative for improving employability and opportunity for livelihood had been further strengthened for inclusive growth in both rural and urban areas,” the Finance Minister said.

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Prime Minister Narendra Modi Saturday hailed the revised Goods and Services Tax (GST) structures, saying the era of “double bachat (saving) and double kamai (income)” has arrived under the Bharatiya Janata Party rule. Addressing the ' Namo Yuva Samabesh' in Jharsuguda, Modi accused the Congress of indulging in “loot tantra (tactics)” while in power.

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