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Budget 2016: Full Text Of Arun Jaitley's Speech

Full Text Of Arun Jaitley's Budget 2016 Speech
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Indian Finance Minister Arun Jaitley arrives at parliament house to present federal budget 2016-17, in New Delhi, India, Monday, Feb. 29, 2016. It was Jaitleyâs second full budget since Prime Minister Narendra Modi won a huge majority in national election in 2014, on the back of promises to turn around the economy and boost job creation. There have been few sweeping reforms in the past two years that the government has been promising. (AP Photo/Manish Swarup)
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Indian Finance Minister Arun Jaitley arrives at parliament house to present federal budget 2016-17, in New Delhi, India, Monday, Feb. 29, 2016. It was Jaitleyâs second full budget since Prime Minister Narendra Modi won a huge majority in national election in 2014, on the back of promises to turn around the economy and boost job creation. There have been few sweeping reforms in the past two years that the government has been promising. (AP Photo/Manish Swarup)

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:

Budget 2016 Speech

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This article exists as part of the online archive for HuffPost India, which closed in 2020. Some features are no longer enabled. If you have questions or concerns about this article, please contact indiasupport@huffpost.com.