Union Finance Minister Arun Jaitley presented his third budget, and his big ticket reforms focused primarily on the rural and farm sectors, providing relief for farmers under distress.
He also announced measures that he said would help more than two crore taxpayers.
Jaitley reiterated a forecast that India would grow by 7.6 percent in the fiscal year that is drawing to a close. He said the government wanted to spread the benefits of growth more widely among India's 1.3 billion people, but that he would stick to the government's existing fiscal deficit target for the coming year.
Here's the full text of his speech:
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