Key Takeaways From The Union Budget 2020

1. Introduction

1.1 The Union budget for 2020 was declared on 01 February 2020 by finance minister Nirmala Sitharaman. This was the second budget presented by the Narendra Modi government in its second term. The budget speech is available here and the key highlights of the budget are available here. This blog presents the key proposals from the budget that will affect India's digital technology landscape. You can also find our previous post on key takeaways of the Union Budget 2019 here.

2. The big picture

2.1 India is the fifth largest economy in the world. Foreign direct investments have increased to USD 284 billion between 2014 – 2019 and government debt has reduced to 48.7 per cent of the GDP from 52.2 per cent.