Highlights Of The Union Budget 2018-19

Read on to know more about what the Union Budget 2018-19 brings for the manufacturing industry.

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Government says that it is firmly on course to achieve high growth of 8 percent plus as manufacturing, services and exports are back on good growth path. While GDP growth at 6.3 percent in the second quarter of 2017-18 signalled turnaround of the economy, growth in the second half is likely to remain between 7.2–7.5 percent. The Union Minister for Finance and Corporate Affairs Arun Jaitley while presenting the General Budget 2018-19 in Parliament today said that Indian society, polity and economy had shown remarkable resilience in adjusting with the structural reforms. IMF, in its latest Update, has forecast that India will grow at 7.4 percent next year in the backdrop of services resuming high growth rates of 8 percent plus, exports expected to grow at 15 percent in 2017-18 and manufacturing back on good growth path.