GDP growth over 7.4% in 2014-19: FM Nirmala Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman said Central government’s debt reduced to 48.7% of GDP in 2019 from 52.2% and has clocked a GDP growth of 7.4% over 2014-19 & FDI increased from $119 billion in 2009-14 to $ 284 billion.

Presenting the Budget 2020 in Lok Sabha on Saturday, she said: “There are one million people out of poverty and we should be proud of it. We have moved on from over 4 per cent growth in 1950s to 7.4 per cent to 2014-19 period.

“We have clocked a GDP growth of 7.4% over 2014-19 and FDI increased from $119 billion in 2014-19 to $284 billion”, she said.

Economic Development would entail reforms across the economy and more space for the private sector. She said the Budget is woven around 3 prominent themes — aspirational India, economic development and a caring society.