Credibility of Indian economy has been re-established: Jaitley

Finance Minister Arun Jaitley, who is presenting the NDA Government's first full-fledged budget in the Lok Sabha, said the credibility of the Indian economy has been re-established.

Jaitley said Saturday that the NDA Government headed by Prime Minister Narendra Modi has in the last nine months taken several significant steps to energize the economy.

"The credibility of the Indian economy has been re-established. The world is predicting that it is India's chance to fly," he added.

Jaitley said the Centre has also embraced the states as equal partners in the process of economic growth.

"The states have been economically empowered more than ever before. It is my belief that every rupee of public expenditure whether undertaken by the Centre or states will contribute to the betterment of people's lives through job creation, poverty elimination and economic growth," he added.