Check out main features of India budget 2009-2010.
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- Government focussed on farms, jobs, fiscal devolution
- Manmohan Singh government's agenda was change
- Economy grew at 9% for three straight years
- Per capital income growth at 7.4% per annum for four years
- Investment as percentage of GDP rose to 39% in 2007-08 from 27.6%
- Gross domestic savings rate at 37.7% during 2007-08
- Foreign trade at 35.5% of GDP during 2007-08
- FY'09 outlook encouraging if rainfall normal
- Forecasts indicate 2009 may be worse than 2008
- India cannot remain immune to the global financial crisis
- Mukherjee: Growth rate of exports down to 17.1% in 9 months
- India still the second fastest growing economy
- Packages in Dec-08, Jan-09 aimed at stoking demand
- Government okayed 37 infra projects between August'08-January'09
- Refinance to banks for long term credit to infra projects
- IIFCL to refinance 60% of commercial bank loans for PPP
- IIFCL can raise Rs.10,000cr by Mar'09; extra Rs.30,000cr
- FRBM targets relaxed to boost consumption demand
- Government may consider additional fiscal measures in budget
- Mukherjee: Need to accelerate pace of policy reforms
- Government will need to return to deficit targets after revival
- Government to expand employment generation schemes
- Mukherjee: Steps to bring back 9% growth needed at earliest
- Plan allocation for agriculture increased by 300% in 08-09
- India got record $32.4bn FDI in FY'08
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