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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.

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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:

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

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.

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