 Vision for $5 trillion  Strengthening

economy driven by connectivity

KEY investment Infrastructure
FEATURES  Transforming rural lives  Gandhipedia to sensitize
 New Jal Shakti society
OF BUDGET Mantralaya to ensure Har  India’s soft power
2019-20 Ghar Jal  Harnessing India’s space
 Enhancing ease of direct abilities
and indirect taxation

Pradhan Mantri Vision to become $5

Karam Yogi Enhanced interest trillion economy driven
deduction for affordable by ‘virtuous cycle’ of
Maandhan
housing loan investment
Pension benefits to
Tax benefits for India becomes sixth
retail traders and small
corporate tax payers largest economy
shopkeepers

Pradhan Mantri Reform, Perform,

Scheme of faceless Transform agenda:
Matsya Sampada electronic tax
Yojana (PMMSY) GST, IBC, RERA etc.
assessment

Establish robust Changing common

Aadhaar and PAN to be man’s life:
fisheries management interchangeable
framework MUDRA, UJJWALA,
SAUBHAGYA etc.

1
 PUSH TO INVESTMENT: INFRASTRUCTURE DEVELOPMENT

Bharatmala phase 2 to be
Road launched. State road
networks will be developed World’s third largest UDAAN: Number of
domestic aviation Operational Airports crossed
Air market 100

Jal Marg Vikas project and Sagarmala initiatives: improving

Shipping and logistics, reducing transportation cost and increasing
Inland competitiveness.
waterways

Operating Ratio improving

PPP in railways infra 657 km Metro rail network 98.4
development already operational. 100 96.2
Rail 95
National Common Mobility 96
Card launched.
92
2017-18 2018-19 2019-20
(RE) (BE)

2
 PUSH TO INVESTMENT: INFRASTRUCTURE DEVELOPMENT

Houses under PMAY-U:

Sanctioned: 81 lakh Promotion of rental
Construction started: 47 lakh housing: Model tenancy law
Housing Completed: 26 lakh to be finalised.
Delivered: 24 lakh

Gas Water
grids grids
Measures for boosting infrastructure financing

Vision for
connectivity Credit Action plan to To permit
infrastructure Guarantee deepen long transfer of
Enhancement term bonds FII/FPI
Regional Corporation to market investment in
I-ways
airports be set up in debt securities
2019-20 issued by IDF-
NBFCs to
domestic
investors
Power
grids

3
 PUSH TO INVESTMENT: INDUSTRIAL DEVELOPMENT

Empowering
Interest subvention scheme Payment platform for bill Social stock exchange for
MSMEs and
social for MSMEs: `350 crore filing for MSMEs to be listing social enterprises and
enterprises allocated for 2019-20 created: to address delays voluntary organisations

Make in India Changes in customs duties to promote Make in India

Startups Exclusive TV channel E-verification for establishing investor

promotion for startups identity and source of funds to resolve
tax issues relating to fund raising

FAME Scheme Phase-2 Customs duty exemption on certain

Push to commenced e-vehicle parts
E-vehicles

Income tax deduction of interest on loans for e-vehicle

purchase

4
 GROWTH & MACRO-ECONOMIC STABILITY:
VISION FOR $5 TRILLION ECONOMY

GDP Fastest growing major economy in the CAD

world

11th largest economy in 6th largest economy 5.6% of GDP 2.1% of GDP
2013-14 in 2019-20 in 2013-14 in 2018-19

GDP Growth rate (%) CAD as % of GDP

8.2 6.0 4.3 4.8
8.25 8
5.0
7.4 4.0
7.5 7.2
6.8
3.0 1.7 1.3 1.8 2.1
2.0 1.1 0.7
6.75 1.0
0.0
6

FDI
& FPI India attracted $64.4 bn worth of FDI in 100% FDI to be permitted for
2018-19 Insurance intermediaries

Statutory limit for FPI investment in a Local sourcing norms to be eased for
company increased to sectoral limit FDI in single brand retail

5
 ON THE PATH OF FISCAL CONSOLIDATION
AND INFLATION MANAGEMENT

Fiscal Deficit (% of GDP) CPI Inflation (in %)

6.6
6.1 9.0
5.9
8.0
4.9 7.0
4.3 4.5
3.9 4 4.1 3.9 6.0
3.4 4.9 3.5 3.5 3.4 3.3 5.0
2.6 4.0
3.0
2.0
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
1.0

Apr-14
Jul-14
Oct-14
Jan-15
Apr-15
Jul-15
Oct-15
Jan-16
Apr-16
Jul-16
Oct-16
Jan-17
Apr-17
Jul-17
Oct-17
Jan-18
Apr-18
Jul-18
Oct-18
Jan-19
Apr-19
Disinvestment Receipts (in ₹ crore) Central Govt. Debt (% of Also, India’s
1,00,045 51.6 sovereign
1,05,000 51.4 GDP)
80,000 external
debt to GDP
49.9 ratio
49.5
amongst the
48.4 lowest
48
globally at
less than
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
2017-18 2018-19 (RE) 2019-20 (BE) (Actuals) (RE) (BE)
5%.
(Actuals)

6
 BUDGET AT A GLANCE

Revenue Receipts (in ` crore) Capital Receipts ( in ` crore)

8,23,588
19,62,761
7,06,740 7,16,475 7,27,553
20,00,000 17,25,738 17,29,682 8,00,000
14,35,233
15,00,000 6,00,000

10,00,000 4,00,000

5,00,000 2,00,000

0 0
2017-18 2018-19 2018-19 2019-20 2017-18 2018-19 2018-19 2019-20
(Actuals) (BE) (RE) (BE) (Actuals) (BE) (RE) (BE)

Revenue Expenditure (in ` crore) Capital Expenditure (in ` crore)

3,38,569
21,41,772 21,40,612 24,47,780 3,00,441 3,16,623
25,00,000 18,78,833 3,50,000 2,63,140
20,00,000 2,80,000
15,00,000 2,10,000

10,00,000 1,40,000

5,00,000 70,000

0 0
2017-18 2018-19 2018-19 2019-20 2017-18 2018-19 2018-19 2019-20
(Actuals) (BE) (RE) (BE) (Actuals) (BE) (RE) (BE)

7
 BUDGET AT A GLANCE

RUPEE COMES FROM RUPEE GOES TO

8%
9%
20% Subsidies
9%- Non Centrally
Borrowings 4% Sponsored
Tax 9%
and Other Customs Schemes
Revenue Defence
Liabilities

18% 23%
States’ Share of 7%
Interest
19% taxes & Duties Finance
21% Payments Comm. &
Corporate Tax GST
Transfers
s

8%-Union 13%
Excise Central 8%
Duties Sector Other
3% Non Expenditure
debt Schemes
16% Capital
Income Tax Receipts 5%
Pensions

8
 TAX PROPOSALS
FACELESS E-ASSESSMENT
A scheme of faceless electronic
assessment involving no human
interface to be launched this year
DIRECT TAX REFORMS
PAYING OFF
Increase in tax collection by
78% from ₹6.4 lakh crore in
2013-14 to ₹11.4 lakh crore
in 2018-19
ENHANCING EASE OF TAX
PAYERS
Aadhaar and PAN to be made
interchangeable
Threshold for applicability of lower corporate tax rate of
25% increased from ₹250 crore to ₹400 crore.
Enhanced interest deduction up to ₹3.5 lakh for purchase
of an affordable house.
Deposit taking and systemically important non-deposit
taking NBFCs can now pay tax in the year they receive
interest for certain bad or doubtful debts.
TDS of 2% on cash withdrawal exceeding ₹1 crore in a
year from a bank account to promote less cash economy.
Effective tax rate for individuals having taxable income
above ₹2 crore has been increased.
No charges or MDR on specified digital mode of payments.
These modes are to be compulsorily provided by large
businesses.
Sabka Vishwas Legacy Dispute Resolution Scheme
proposed for quick closure of service tax and excise related
litigations.
9
 REFORM, PERFORM, TRANSFORM

Banking & Record Recovery of ₹4 lakh crore in last GST

IBC 4 years due to IBC and other measures
1. Taxpayers having annual turnover of
Provision coverage ratio of Proposed further recapitalisation less than ₹5 crore can now file
banks highest in 7 years of PSBs: ₹70,000 crore quarterly returns.

2. Fully automated GST refund module

Average recovery under various shall be implemented.
recovery regimes (in %)
43
3. An electronic invoice system is
45 23 proposed that will eventually eliminate
35
25
the need for a separate e-way bill.
15
5
DRT, SARFAESI, Realisation by
Lok Adalats, etc: Financial Creditors
Further simplification of GST Processes
2007-17 under IBC: 2017-19

SWACHH BHARAT More than 95% cities and 5.6 lakh villages declared ODF
More than 45,000 public and community toilets uploaded on Google Maps

To expand Swachh Bharat Mission to undertake sustainable solid waste management in

every village.

10
 TRANSFORMING RURAL INDIA

Pradhan Mantri Gram Sadak Yojana PMAY-G

(PMGSY) Outlay (in ₹ crore)  1.5 crore rural homes completed
19000
 1.95 crore houses proposed for second phase.
 Average days for completion:
20000 15500 22.6% 314 (2015-16) 114 (2017-18)
jump
15000
PMGSY
10000  Completion Target advanced
2022 2019
5000  97% of targeted habitations covered
0
 30000 km built using green technology
2018-19(RE) 2019-20(BE)

MGNREGA Outlay (in ₹ crore)

Rural Electrification 60000

100% Households 60000 9%

Electrified jump
58000
55000
56000
UJALA leading to
annual cost savings of 54000
₹18,341 crore
52000
2018-19(BE) 2019-20(BE)

11
 FARMER WELFARE AND WATER SECURITY

Boost to agro-rural industries through cluster Pradhan Mantri Matsya Sampada Yojana launched
based development under SFURTI scheme
with focus on bamboo, honey and khadi
clusters
100 new clusters to be set up to enable The scheme will address critical gaps in strengthening
50000 artisans during 2019-20 value chain, including infrastructure, modernisation,
production, productivity and quality control
100 Business Incubators to be set up to
enable 75000 entrepreneurs under ASPIRE

Constitution of Jal Shakti Mantrayala

To ensure Har Ghar Jal to all rural households by 2024 under
Jal Jeevan Mission

1592 critical and over exploited blocks Focus on Integrated demand and supply side management
identified under Jal Shakti Abhiyan at local level, creation of local infrastructure for rainwater
harvesting, groundwater recharge and household waste
water management

12
 WOMEN’S DEVELOPMENT TO WOMEN LED DEVELOPMENT

Allocation for ICDS (in ₹ crore)

70% of beneficiaries 2019-20 (BE) 27,584

under MUDRA
scheme are Women 2018-19 (RE) 23,357

20,000 22,000 24,000 26,000 28,000

8 Crore free
LPG
connections to  To expand women SHG interest
More than 7 be given under subvention programme to all districts
crore Ujjwala Yojana  ₹1 lakh loan under MUDRA scheme for
connections one woman in every SHG
already given

13
 LABOUR AND YOUTH WELFARE

Pradhan Mantri Laghu Vyapaari Mann-Dhan
Yojana (PMLVMY)
Pension benefits to around 3 crore retail traders and
small shopkeepers with annual turnover less than
₹1.5 crore.
Pradhan Mantri Shram Yogi Maan Dhan (PM-SYM)
About 30 lakh workers have joined the scheme
Rationalising of labour laws into 4 labour codes
proposed.

National Research Foundation to be established to

fund, coordinate and promote R&D
National Sports Education Board to be setup under
Khelo India.
₹400 crore provided for ‘World Class Institutions’
for FY 2019-20
To prepare youth for new age skills: Artificial
Intelligence, IoT, Big Data, 3D Printing, Virtual Reality
Study in India: to bring foreign students to higher
etc
educational institutions

14
 VISION FOR THE NEXT DECADE

1 Physical and social infrastructure

2 Digital India

3 Pollution free India

4 Make in India

5 Water management and clean rivers

6 Blue economy

7 Space programmes

8 Self-sufficiency and export of food grains

9 Healthy society

Team India with Jan Bhagidari

10
15