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India now world's 5th largest economy: Sitharaman

Source: PTI  -  Edited By: Nandita Malik
February 01, 2020 11:43 IST

Sitharaman also listed out various welfare schemes like affordable housing, direct benefit transfer and Ayushman Bharat.

Economy

Illustration: Uttam Ghosh/Rediff.com

India is now the fifth largest economy in the world and the central government’s debt has reduced to 48.7 per cent of GDP from 52.2 per cent in March 2014, Finance Minister Nirmala Sitharaman said on Saturday.

 

Presenting the Union Budget for 2020-21, she said growth of 7.4 per cent was surpassed in 2014-19 with average inflation of 4.5 per cent.

Sitharaman also listed out various welfare schemes like affordable housing, direct benefit transfer (DBT) and Ayushman Bharat.

Source: PTI  -  Edited By: Nandita Malik© Copyright 2020 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
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