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Budget doesn't have an adequate roadmap: Singh

India Blooms News Service | | 28 Feb 2015, 04:54 pm
New Delhi, Feb 28 (IBNS): Former Indian Prime Minister Manmohan Singh on Saturday said the General Budget presented by Union Finance Minister Arun Jaitley did not 'have an adequate roadmap'.

"My worry about the budget is that it has good intentions but doesn't have an adequate roadmap," Congress tweeted quoting Singh.

Instead of  big bang announcements, Union Finance Minister Arun Jaitley on Saturday presented the GeneralBudget 2015-16 focusing on infrastructure, cleanliness, social security and assuring a high growth trajectory while envisaging stricter laws on black money offenders.

While Jaitley said growth would accelerate  between 8 and 8.5 percent in the coming fiscal year and the pace of cutting the fiscal deficit would be slow, the corporate India reacted positively to the budget calling it incremental and creative.

The finance minister said  7.4 percent GDP is expected for the current fiscal year.

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