Union Budget 2014 Live: Finance Minister Arun Jaitley – Poor want to be part of Middle Class

Union Budget 2014 live: Finance Minister Arun Jaitley – Poor want to be part of Middle Class

Updated: July 10, 2014, 11:24 AM IST

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Arun Jaitley has started the budget speech and is taking about the slowdown and issues of the economy. He is talking about two years of under 6% growth, of India and low growth of worldwide economy. The global financial conditions, as per him are big challenges to Indian economy reaching higher growth. He is talking about high inflation and poor growth.

Read more: India to grow at 7 percent, advanced economies at 1.8 percent in 2027, predicts International Monetary Fund

He is talking about the steps which will be taken for macroeconomic stability for deficit control and economic growth. He is saying that poor are the ones, who suffer the most and it will be the focus of government to focus on the policies for the poor.

He is talking about the challenges of current situation – he is referring to indecisiveness – which has lead to this situation. The need to work on growth in agriculture and manufacturing sectors. He is talking about fiscal prudence and tax-GDP ratio to be improved.

Union Budget 2014 Live: Finance Minister Arun Jaitley – Poor want to be part of Middle Class