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Home / Business / Fundamentals of economy strong, inflated contained: Sitharaman

Fundamentals of economy strong, inflated contained: Sitharaman

Union Budget 2020 is aimed at boosting income and purchasing power of people, she said.
Union finance minister Nirmala Sitharaman, holding a folder containing the Union Budget documents, poses for photographers along with her deputy Anurag Thakur and a team of officials, outside the ministry of finance, North Block in New Delhi, Saturday, February 1, 2020.

PTI   |   New Delhi   |   Published 01.02.20, 06:03 AM

Union finance minister Nirmala Sitharaman on Saturday said fundamentals of the economy are strong and inflation has been well contained, while banks cleaned up accumulated loans.

Presenting the Union Budget for 2020-21, she said it is aimed at boosting income and purchasing power of people.

The finance minister further said during 2014-19, the government brought a paradigm shift in governance.

She termed GST as a historic structural reform, saying it integrated the country economically.

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