3. INTRODUCTION
• India’s budget for FY 2015-16 creates important
opportunities for foreign investors through small but
meaningful reforms the budget was announced on 28
th feb 2015 by India’s FM Arun jaitley.
• The budget proposal seek to improve India’s business
and investment environment by improving easy of
doing business in the country.
• Credibility of Indian economy has been re-established
of new government. Indian economy about to take-off
on a fast growth forecasts have upgraded Indian
economic while downgrading global economic growth.
4. MAKE IN INDIA
Expenses on defence during 2011 -2014
Indian manufacturers -53%
Foreign manufactures -46%
53%
46%
expenses
indian
foregin
5. Expenses on defence from GDP
1.80%
2%
3.80%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
4.00%
India China America
GDP
GDP
6. FORECAST GROWTH OF GDP
7.40%
8.50%
10%
0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00%
2014-15
2015-16
FUTURE
GDP
GDP
7. IMPACT ON INFRASTRUCTURE
• Rs. 70,000 cr to Infrastructure sector.
• Tax-free bonds for projects in rail road and irrigation
• PPP model for infrastructure development to be
revitalised and govt. to bear majority of the risk.
• Atal Innovation Mission to be established to draw
on expertise of entrepreneurs, and researchers to
foster scientific innovations; allocation of Rs. 150 cr.
• Govt. proposes to set up 5 ultra mega power
projects, each of 4000MW.
• SETU to be established as techno-financial
incubation and facilitation to support all aspects of
start-up business .
8. IMPACT ON MAKE IN INDIA
• Reduction of customs duty on 22 items
• Cutback in taxes for technical services from 25
per cent to 10 per cent
• Reduction in corporate tax from 30 per cent to 25
per cent and tax breaks and other incentives for
several sectors etc.
• Rationalising the tax regime.
• To allocate Rs.34,699 cr, under the rural job
scheme.
9.
10. KEY FOCUS AREAS
• Efficiency and productivity
• Zero defect and zero effect
• Skilled development
• Digitalisation
11. CONCLUSION
It is no secret that expectations of this Budget have
been high. People who urge to undertake Big Bang
Reforms, also say that the Indian economy is a giant
super tanker, or an elephant. An elephant moves slowly
but surely. Even the worst critics would admit that they
have moved rapidly.
In this speech, I think I have clearly outlined not
only what Indian government are going to do
immediately, but also a roadmap for the future .
Government have been consistent in what they have
said, and what they are doing. They are committed, to
achieving what they have been voted to power for:
Change, growth, jobs and genuine, effective upliftment
of the poor and the under-privileged.