Finance Minister, Arun Jaitley arrives with the budget of the year, possibly the full budget which would end on a positive note.
Keeping aim high of progress for farmers and the rural area he launches Operation Green for RS 500 Crore. He also declared an increase in MSP for Kharif crops by 1.5 times and Rs 200 crore for the rural road.
He enlighted the government focus towards improving the ease of living of the common man.
As Finance Minister Arun Jaitley focused the Union Budget on farmers and the rural people, he has fixed the fiscal deficit target for next year at 3.3 percent, somewhere higher than the current market estimates.
In his last year of work, Jaitley spoke of massive spending on rural infrastructure, in an attempt to gain voters in the countryside where two-thirds of India’s 1.3 billion people live.
It’s a clear indication that shows that Budget of current year can be full of farm freebie. However, more freebies for farmers in the upcoming Budget might not ensure that the farm sector comes out of its long crisis.
As per the records, agriculture sector holds 17% of the nation’s economy and more than half of the population depends on farms directly or indirectly.
A healthy and strong farming sector would also bring up a rising bar in the other sectors as well.