The document provides details about the Union Budget of India for 2009-2010. It summarizes the key aspects of the budget including total estimated expenditures of Rs. 10.2 trillion and estimated revenues of Rs. 6.1 trillion. It outlines spending increases for sectors like rural development, education, health, and infrastructure development. The economic survey highlights India's GDP growth target of 7.5% for 2009-2010 with challenges from the global slowdown and inflation addressed through fiscal policy changes.

1. UNION BUDGET PRESENTED BY:-DEEPAK KHANDELWALIRFAN SHAFISAGAR KUMAR

3. WHAT IS UNION BUDGET?The budget is the annual announcement of the government’s fiscal policy changes. It announce the tax changes proposed for the following tax year and also how the government plan to spend the revenue.

4. It is an instrument for fulfilling the obligations of the states

5. It is a political statement of the priorities set by the government.

6. It shows the financial transaction of the year.Economic Survey

7. The economic survey of India is published by central statical organization.

8. Each year survey is conducted to show the status of economic scenario of the country.

9. The Economic Survey of India showcases the annual- economic development of the country.

10. It is scheduled to be presented on 2nd July, when the Budget Session of Parliament begins.

11. Union Budget sets goals and targets for the next one year, the Economic Survey focuses on the growth achieved the previous year and the factors that contributed to it.It talks about the state of the economy while concentrating on selected economic indicators such as:-State of the Economy

12. Challenges and policy response.

13. Fiscal Developments and Public Finance.

14. Price and Monetary management.

15. Industrial Production.

16. Agriculture & Food management.

17. Energy, Infrastructure and Communication.

18. Poverty and Human development.

19. Financial Intermediate and Markets.STATE OF ECONOMYGDP to grow to 7.5 per cent in 2009-10.

20. The overall growth of GDP at factor cost at constant prices in 2008-09, as per revised estimates released by the Central Statistical Organisation (CSO) (May 29, 2009) was 6.7 per cent.

21. Despite the slowdown in growth, investment remained relatively buoyant, growing at a rate higher than that of GDP

22. The overall rate of growth of capital information at constant price was 15.6 in 07-08 is compare to 13.9 in 06-07.

23. The index of industrial production for the year 2008-09 points towards a sharp slowdown with growth being placed at 2.4 per cent. Challenges and policy response.During the last two years the Indian economy faced three major challenges-Increase the capital inflow which reached to maximum in the last quarter of 2007-08.

24. An inflationary explosion in global commodity prices.

25. Global financial meltdown and collapse of international trade.FISCAL DEVELOPMENT AND PUBLIC FINANCEFiscal consolidation began in the early 1990. with fiscal deficit declining from 6.6% for GDP in 1990-91 to 4.1% of GDP in 1996-97 and it reached to 6.2% of GDP in 2001-02.

26. INDUSTRYThe growth of industrial sector started to slowdown in the first half of 2007-08.

27. Overall growth during the year remained as high as 8.5%.

28. The year 2008-09 thus closed with the industrial growth at only 2.4% as per the index of industrial production(IIP).AGRICULTURE AND FOOD MANAGEMENTThe performance of the agricultural sector influence the growth of Indian economy.

29. Agricultural sector contributed 12.2% of national exports in 2007-08.

30. Agricultural accounted for 17.8% of the GDP in 2007-08 as compared to 21.7% in 2003-04. BUDGET AT A GLANCETotal estimated expenditure is Rs.10,20,838crore, 36% more than previous.

31. Total estimated income is Rs. 6,14,497crore.