Budget Speech

Topics: Economic growth, Economics, Economy Pages: 40 (12983 words) Published: January 10, 2011
| |[pic] | | | | | | | | | | | | | | | | | | | | | | | |Budget Speech | | | | | | | | | | | |Budget  2010-2011 | | |  | | |Speech  of | | |Pranab Mukherjee | | |Minister of Finance | | |  | | |February  26,  2010 | | |  | | |Madam Speaker, | | |            I rise to present the Union Budget for 2010-11. | | |            In 2009, when I presented the interim Budget in February and the regular Budget in July in this august House, the | | |Indian economy was facing grave uncertainties. Growth had started decelerating and the business sentiment was weak. The | | |economy's capacity to sustain high growth was under serious threat from the widespread economic slowdown in the developed | | |world. | | |2.          It was not clear to us, as also to the policy makers in many other countries, how this crisis would eventually | | |unfold. What would be its impact on the growth momentum of the Indian economy?  How soon will we be able to turnaround the | | |fortunes of our economy? The short term global outlook was bleak and the consensus was that year 2009 would face the brunt of | | |this crisis across the world. | | |3.          At home, there was added uncertainty on account of...
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