Finance Minister P Chidambaram presented the Union Budget for 2007-08 in the Lok Sabha on Wednesday. He announced that foreign direct investment inflows between April and January this fiscal touched $12.5 billion while portfolio investment reached $6.8 billion.
Here are some of the other highlights:
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Saving rate of 32.4 per cent, investment rate of 33.8 per cent will continue.
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A number of proposals to perk up agriculture to be announced.
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Bank credit rate grew by 29 per cent during first 10 months of 2006-07.
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Two lakh more teachers to be employed and five lakh more classrooms to be constructed.
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Manufacturing growth rate estimated at 11.3 per cent.
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9.2 per cent GDP growth rate estimated in 2006-07.
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Average growth for last three years is 8.6 per cent.
Details to follow
