• By Talib Khan
  • Wed, 08 Jan 2020 06:22 PM (IST)
  • Source:JND
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New Delhi | Jagran News Desk: A day after the government released its data in which India's GDP growth is seen dipping to an 11-year low of 5 per cent in the current fiscal, mainly due to poor showing by manufacturing and construction sectors, Prime Minister Narendra Modi on Wednesday sought to directly engage with people for their demands, aspirations and wishes from the Union Budget in reaching towards developmental growth.

"The Union Budget represents the aspirations of 130 crore Indians and lays out the path towards India's development. I invite you all to share your ideas and suggestions for this year's Budget on MyGov", Prime Minister Narendra Modi tweeted on Wednesday.

He also tagged the Finance Ministry -- "FinMinIndia looks forward to your suggestions for the #UnionBudget2020 which will be presented in the Parliament in the upcoming session. Share your valuable ideas in the field of #Farmers, #Education & others on https://www.mygov.in/group-issue/inviting-ideas-and-suggestions-union-budget-2020-2021/ a @nsitharaman @nsitharamanoffc @ianuragthakur.

Finance Minister Nirmala Sitharaman had already asked for public views on the budget earlier.

PM Modi also had a brainstorming session with the top 11 industry captains including Ratan Tata and Mukesh Ambani earlier this week to discuss economic revival and demand growth.

Union Budget 2020 is expected to be presented on February 1, though no official confirmation has been given till now. The expectations with the budget are high as it comes amid a deep downturn in the economy, led by little consumption, investment and lack of jobs.

While the Centre has taken a slew of measures, including a sharp cut in corporate tax to address the slowdown in the economy, these steps are yet to yield significant results.

On Tuesday, the government released the data on GDP growth in which India's GDP growth was seen dipping to an 11-year low of 5 per cent in the current fiscal, mainly due to poor showing by manufacturing and construction sectors.

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As per the first advance estimates of the national income released by the National Statistical Office (NSO), the manufacturing sector output growth will decelerate to 2 per cent in 2019-20, down from 6.9 per cent in the previous financial year. Likewise, the construction sector growth is estimated at 3.2 per cent as against 8.7 per cent in 2018-19.

 

(With agencies Inputs)