A growth-oriented budget
The Union Budget for FY2012 is a growth-oriented one that seeks to build on Indias strengths and address the challenges that we face. In line with this approach, the Budget seeks to build on our growth drivers through infrastructure and social sector development, address challenges of food inflation and of fiscal management and to promote inclusive growth. The Budget recognises the long-term growth drivers for the economy and seeks to strengthen them further. Measures in this regard include continued focus on education and skill building to realise our demographic dividend and increased infrastructure investments through measures such as increasing the FII investment limit in corporate bonds, lowering of withholding tax for infrastructure debt funds, mechanisms to strengthen PPP and addressing environment related issues.