The Union Budget 2014-15 was presented in the Lok Sabha by Mr Arun Jaitley, Union Finance Minister on 10 July 2014.
The Budget lays out a medium term vision for the economy and meets industry expectations on growth and employment creation. A roadmap for fiscal consolidation and fiscal prudence has been defined to bring fiscal deficit to 3% by 2016-17, with stress on reviving all sectors of the economy including agriculture, power and infrastructure, manufacturing, and services. Tax stability and rationalization is addressed widely, according high importance to restoring investor confidence and boosting sentiments. A key measure has been to reassure foreign investors that India remains an attractive destination.