FOREX TradingCharts.com

Financial News: Jaitley Says Indian Economy Expected To Grow 8%

Jaitley Says Indian Economy Expected To Grow 8% Soon

02/01/2018 - 01:54:00 (RTTNews)

(RTTNews) - The India's Finance Minister Arun Jaitley presenting the Union Budget for 2018-19 in Parliament has stated that the 2.5 trillion Indian economy is expected to become the fifth largest economy soon.

The minister expects the economy to grow at 7.2 - 7.5% in the second of the current financial year and is confident of achieving 8% growth soon.

The budget will focus on agriculture and rural economy, health and infrastructure, the minister said while spelling out a series of proposals aimed at lifting these sectors.

Expressing government's commitment on welfare of farmers, the minister said the government aims to double farmers' income by 2022.

The minimum support price of crops, setting up of a Rs 2,000 crore fund for developing agricultural markets, allocation of Rs 200 crore for cultivation and related industry, Rs 500 crore for "Operation Green" and setting up of state-of-the-art facilities in 42 mega food parks are proposed in the budget.

The launch of National Health Protection Scheme to benefit poor has been proposed. For the education sector, the minister has proposed revitalisation of infrastructure, opening schools for the ST populations as well as promoting programmes for teachers, in order to improve quality education for students.

The Indian stock market remains in positive territory, despite turning a bit volatile and paring some mid morning gains. At 36,105.02, the Sensex is up 140 points or 0.4% now. The Nifty50 is up 47 points or 0.43% at 11,074.70.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Portugal Inflation Slows For Second Month (13 hr(s), 04 min(s), 05 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation eased for the second straight month in January ...Full Story»

Latvia Inflation At 14-Month Low (13 hr(s), 16 min(s), 05 sec(s) ago)
(RTTNews) - Latvia's consumer price inflation eased for the fifth successive month in January ...Full Story»

OECD Unemployment Rate Falls In December (13 hr(s), 17 min(s), 05 sec(s) ago)
(RTTNews) - The unemployment rate in the Organization for Economic Cooperation and Development are ...Full Story»

China's Bank Lending At Record High (13 hr(s), 46 min(s), 05 sec(s) ago)
(RTTNews) - China's banks lent a record amount of new yuan loans in January, data from the Peo ...Full Story»

UK January Household Spending Fall First In 5 Years: Visa Survey (15 hr(s), 21 min(s), 05 sec(s) ago)
(RTTNews) - UK household spending declined at the start of the year, which was the first January d ...Full Story»

Swiss Inflation Slows In January (16 hr(s), 08 min(s), 05 sec(s) ago)
(RTTNews) - Switzerland's consumer price inflation slowed in January, data from the Federal St ...Full Story»

Singapore Visitor Arrivals, Tourism Receipts Hit Record Highs In 2017 (16 hr(s), 19 min(s), 05 sec(s) ago)
(RTTNews) - Singapore's both tourism receipts and visitor arrivals attained record highs for t ...Full Story»

Romania Industrial Production Grows Sharply In December (17 hr(s), 08 min(s), 05 sec(s) ago)
(RTTNews) - Romania's industrial production expanded markedly at the end of the year, mainly d ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Portugal Inflation Slows For Second Month

02/12/2018 - 06:39 AM (RTTNews)
(RTTNews) - Portugal's consumer price inflation eased for the second straight month in January ...Full Story>>

Latvia Inflation At 14-Month Low

02/12/2018 - 06:27 AM (RTTNews)
(RTTNews) - Latvia's consumer price inflation eased for the fifth successive month in January ...Full Story>>

OECD Unemployment Rate Falls In December

02/12/2018 - 06:26 AM (RTTNews)
(RTTNews) - The unemployment rate in the Organization for Economic Cooperation and Development are ...Full Story>>

China's Bank Lending At Record High

02/12/2018 - 05:57 AM (RTTNews)
(RTTNews) - China's banks lent a record amount of new yuan loans in January, data from the Peo ...Full Story>>

UK January Household Spending Fall First In 5 Years: Visa Survey

02/12/2018 - 04:22 AM (RTTNews)
(RTTNews) - UK household spending declined at the start of the year, which was the first January d ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.