New Delhi | Finance Minister Piyush Goyal on Friday said the fiscal deficit will be at 3.4 per cent of GDP this year.
Presenting the Budget for 2019-20 in the Lok Sabha, Goyal also said that current account deficit is likely to be 2.5 per cent of GDP this year.
He further said India attracted USD 239 billion in FDI (foreign direct investment) in the last five years.
βWe have liberalised FDI allowing more investment through automatic route,β he said.
Stating that the government had βundertaken path-breaking structural reforms by introducing GST and other reformsβ, he said that the NDA government has been able to rein inflation.
βIf we had not controlled inflation, our families would have been spending 35-40 per cent more on daily use items,β Goyal said.
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