New Delhi: India is now the fifth largest economy in the world and the Central government debt has reduced to 48.7 per cent of GDP from 52.2 per cent in March 2014, Finance Minister Nirmma 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.
India has uplifted 271 million people out of poverty, Finance Minister Nirmala Sitharaman further said.
In her second Budget presentation, the finance minister said the Budget for 2020-21, is woven around aspirational India, economic development and caring society.
The government aims to achieve seamless delivery of services through digital governance, she added.
"We shall strive to bring ease of living for every citizen," Sitharaman said.