Finance Minister Arun Jaitley started his budget speech in Parliament amid the much of expectation and hope for the common man. He presented a glimpse of the general budget for the coming year.
However it is not a easy task for him especially when the country has faced a very tough time recently in the UPA government era. He will have to fulfill the expectations and promises by Prime Minister Narendra Modi during his election campaign.
If we give a look on the Economic Survey 2013-14, it clearly mention that there is a need for the defining challenge in India today is that of generating employment and growth. Apart from this, Jobs are created by firms when firms invest and grow. Hence it is important to create an environment that is conducive for firms to invest.
According to the Economic Survey presented in the parliament by Finance Minister Arun Jaitley, it said that good quality jobs will have to be create by high productive firms and it has also projected 7-8 percent growth can be achieved after 2015.
Certainly these factors indicates that the way is not so easy for finance minister Arun Jaitley and he will have to take some bitter dose for the people of the country.
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