Indian economy has held its ground firmly amidst global crisis: FM Arun Jaitley

Presenting the Union Budget 2016-17, Finance Minister Arun Jaitley said global economy was in serious crisis but India has managed to held its ground firmly.

Zee Media Bureau

New Delhi: Presenting the Union Budget 2016-17 on Monday, Finance Minister Arun Jaitley said global economy was in serious crisis but India has managed to held its ground firmly.

Global economy is in serious crisis, financial markets have been battered and trade contracted, Jaitley said while presenting his third Budget under the NDA government.

However the Indian economy has held its ground firmly, he said.

On Saturday, Prime Minister Narendra Modi said if there was a ray of hope in the world economy, it was India, as he asserted that his government was committed to transform the lives of the poor and villages.