ANALYSIS OF BUDGET 2020 ON INDIAN ECONOMY.

Can BUDGET 2020 Gear Up The Indian Economy ?

Summary Of BUDGET 2020.

•       Amount of the Budget is 30 Lacs 42 Thousand Crores Rupees.

•       Earning from this Budget has forecasted 22 Lacs 46 Thousand Crores Rupees, that means Country has to suffer the loss of 8 Lacs Crore Rupees and it will recover from the Disinvestment method.

•       Breakdown of Budget-:

    1.Defence sector, 4 Lacs 71 Thousand Crores Rupees i.e 9% Inc.

    2.Agriculture sector, 2 Lacs 65 Thousand Crores Rupees.

    3.Infrastructure sector, 100 Lacs Crores in five years.

    4.Education sector, 99 Thousand 300 Crores Rupees i.e 5% Inc.

    5. For SCs & STs, 1 Lacs 35 Thousand Crores Rupees.

    6. Health sector, 69 Thousand Crores Rupees.

    7. Renewable energy, 22 Thousand Crores Rupees.

    8. Pollution & Climate change, 45 Thousand Crores Rupees.

    9. For Female, 28 Thousand Crores Rupees.

   10.Investment in Quantum tech.

   11.New Tax slabs-:  5 Lacs-7.5 Lacs          10%

                                   7.5 Lacs-10 Lacs        15%

                                   10 Lacs-12.5 Lacs       20%

                                   12.5 Lacs-15 Lacs       25%

                                    15 Lacs >                   30%

> Our Finance Minister proposed that the economy of our country will be $5 Trillion in the year of 2024-25 & this year our GDP will be 6%. But the main issue is here that can it grow the economy ? So we will see that where is the bottleneck of this. 

 

> The year 2019 for the Indian Economy was not totally good and also seen many of the fluctuations in every sectors like crashes in stock market, loss of employment, inflation rate, GDP decline etc.

So for understanding this our great economist Dr. Arvind Subramaniam has done the case study with Dr. Philman in Harvard University.

There are five main sectors-

                                      1. Bankings

                                      2. Corporates

                                      3. NBFCs

                                      4. Agricultures

                                      5. Manufacturing

• Banks are in Debt.

• Situation demands of Foreign Investment.

• Data credibility is Vital.

• The problem is about Core and Structural Reforms.

• Government are needs to be fix the problems of banks.

• Another area is Railways

• Constructions sector.

• Vietnam is 15% less costlier, not able to use the benefit of US-CHINA Trade war.

• Disinvestment will improve the deficit.

• Share market is not stable so invest in mutual funds for increase the earning.

> STATE OF THE ECONOMY IS DRASTIC BUT NO ONE KNOWS THE OTHER FACE OF THE COIN, MAY BE THE BUDGET 2020 CAN MEET UP THE PREDICTIONS AND IMPROVE EVERYTHING.
SO, LETS HOPE FOR THE BEST.