Terming as "exceedingly good", Prime Minister Manmohan Singh on Friday said the Budget would help the economy to return to nine per cent growth while allaying the fears that it would fuel "inflationary" expectation.
"A job well done" was how Singh summarised Finance Minister Pranab Mukherjee's Union Budget for 2010-11, presented in Parliament today.
"You must look at the total picture emerging from the budget. The net revenue gain for the Finance Minister is only Rs 20,000 crore. In an economy as large as India, this resource mobilisation effort and balance should not trigger any inflationary expectation. At the same time it gives the muscle needed..
"The Finance Minister has not called back to the pre stimulus excise duty rate. He has still exercised moderation signalling the economy that you cannot have all things together," said Singh, who in the 90s had donned the mantle of Finance Minister in the Narasimha Rao government.