Union Budget to prioritise agriculture, infra investments: Nitin Gadkari

I hope that the Finance Minister will give more priority to agri and infrastructure investments in the forthcoming budget, Nitin Gadkari said

Union Minister Nitin Gadkari today said forthcoming budget will see priorities in agri and infrastructure investment as country targets to achieve double digit growth in due course. 

"After demonetisation and GST, the situation is really changing. Our direct tax collection for this year has gone up by 18 per cent compared to last year, and the government borrowings have come down by Rs 30,000 crore as anticipated, keeping out fiscal deficit under control," Gadkari said at an event 'Countdown to Union Budget' here. 

"The growth figure for last quarter has again gone up over 7 per cent and our target is double digit, which may take some time. But the way in which the economy is moving I am confident that in due course of time, we will achieve this," he added. 

I hope that the Finance Minister will give more priority to agri and infrastructure investments in the forthcoming budget, Gadkari added. 

"Our economy is the fastest growing in the world and the credibility has increased. Global investors and stakeholders have tremendous expectations and confidence on our country," he said. 

The minister said that the government's ambitious infrastructure projects of roads, shipping, ports and inland waterways will be completed with investment of Rs 8 lakh crore by March 2018. 

"Infrastructure is very important for our country and we need world-class water, power, transportation and communication infrastructure. The Cabinet has already cleared projects of Rs 7.5 lakh crore under Bharatmala projects and by end of March 2018, we will complete investment of Rs 8 lakh crore in infrastructure and many of which is from private sector," Gadkari said.