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Highlights of the Union Budget for 2018-19

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Highlights of the Union Budget for 2018-19 (Apr-Mar) MACROECONOMY MATTERS * Govt has implemented fundamental structural reforms * India stands out as the fastest growing economy in world * Promised to reduce poverty, build strong India * Direct transfer mechanism is a global success story * Will focus on health, infrastructure, senior citizens * Focus on 'ease of living' for common man * To move ahead on ease-of-doing business * This Budget to consolidate gains of last 4 years' budgets * Demonetisation has reduced cash in circulation * Recapitalised banks have better capacity to support growth * Indirect tax system made simpler with GST * FDI increased due to govt actions * Manufacturing sector back on growth path * There's a premium on honesty because of govt's reforms * Firmly on course to achieve 8% plus growth * India to become fifth largest economy very soon * India a $2.5-trln economy now * Achieved average 7.5% growth in first 3 years ...