President Ram Nath Kovind says India to unleash more reforms to boost economic growth

By: |
Published: June 20, 2019 11:57:36 AM

Newly appointed Finance Minister Nirmala Sitharaman will present the annual budget on July 5.

President Ram Nath Kovind addressing joint sitting of both the Houses of the Parliament (ANI Photo)President Ram Nath Kovind addressing joint sitting of both the Houses of the Parliament (ANI Photo)

India will implement more reforms to boost economic growth, including higher spending in farm sector and easing collateral-free loans to small businesses, President Ram Nath Kovind told lawmakers on Thursday.

“Inflation is low, fiscal deficit is under control and foreign exchange reserves are rising … Now India is moving towards becoming the world’s fifth largest economy,” Kovind said while addressing the joint session of parliament, ahead of the annual budget. Newly appointed Finance Minister Nirmala Sitharaman will present the annual budget on July 5.

Do you know What is Wholesale Price Index (WPI), Public Debt, Finance Commission Grants & Other Transfers, Economic Survey, State Finance Commission? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.