India Now 5th Largest Economy Globally: Budget Numbers at a Glance

India has uplifted 271 million people out of poverty, Nirmala Sitharaman said as she tabled Union Budget 2020 in the Parliament. 

(Photo: The Quint)

India is now the fifth largest economy in the world, said Finance Minister Nirmala Sitharaman on Saturday, 1 February, as she tabled the Union Budget 2020-21 in Parliament.

Here’s everything you need to know – at a glance:

What’s more?

• Rs 2.83 lakh crore allocated for agriculture and rural sector, divided into two categories – Rural Development and Agriculture, and Allied Activities and Irrigation
• Rs 99,300 crore allocated for the education sector
• Rs 3,000 crore allocated for skill development
• Health sector allocated a sum of Rs 69,000 crore
• Rs 12,300 crore allocated for the Swachh Bharat Abhiyaan
• India’s FDI elevated to $284 billion during 2014-19 from $190 billion that came in during the 2009-14 period
• Rs 100 crore allotted to prepare for hosting G20 presidency in 2022

For all the live updates on Budget 2020, click here.