Zee Media Bureau
New Delhi: Finance Minister Arun Jaitley on Tuesday said it is good time for US to take India's growth to new level.
Replying to the debate on the Budget 2015-16, Jaitley further said most investors are optimistic on India at this point.
Here are the key points of FM's reply:
-Provided additional tax exemptions of Rs 1.7 lakh in last 2 Budgets
-Have revised fiscal roadmap due to higher allocation to states
-FY16 GDP growth likely to be 8%
-FY15 GDP growth likely to be 7.4%
-Inflation is broadly under control
-Investors positive on India currently
-Most investors optimistic on India at this point
-Will take growth to next level
-Good time for US to take India's growth to new level
-States get 62% of total taxes collected by both government of India and states
-Central government currently supports 23% of schemes fully
-Allocation to states will be Rs 1.35 lakh crore more than last year
-Collective fiscal deficit of states at 2.3%, better than government of India
-Can't redistribute existing sources to alleviate property
-Will spend more in FY16 on every category than past years
