By 2020, India is set to become the world's youngest country with 64 per cent of its population in the working age group. With the West, Japan and even China aging, this demographic potential offers India and its growing economy an unprecedented edge that economists believe could add a significant 2 per cent to the GDP growth rate.
The Union Budget announced, focused on infrastructure development and enabling growth of SMEs, MSMEs, entrepreneurs and the farming sector. The overall agenda of ‘Transform, Energise and Clean India,’ for 2017-18 is very well reflected in the initiatives announced.
“Defence: Finance Minister Arun Jaitley’s move to set up 2 defence production corridors is the right step to boost the `Make in India’ initiative aimed at self-sufficiency in ammunition procurement.
The Budget 2019 has touched upon almost every sector, while not disrupting the overall economic environment.
