Union Budget 2011-12: Sector-wise Analysis

The Union budget of India was presented in the Lok Sabha by the Union Finance Minister Pranab Mukherjee on 28 February 2011. The Sectorwise analysis of the budget are as following:

Agriculture and Allied Activities
Agriculture development is central to the growth strategy of India. Measures taken during the current year have started attracting private investment in agriculture and agro-processing activities. This process has to be deepened further. Under the current Budget, 14362 crore rupees was allotted for this sector in the financial year 2011-12.

Rural Development
For rural development, 55438 crore was allocated by the budget for the year 2011-12.

Infrastructure
Infrastructure is critical for the development of India. For 2011-12, an allocation of over 214000 crore is being made for this sector, which is 23.3 per cent higher than 2010-11. This amounts to 48.5 per cent of the Gross Budgetary Support to plan expenditure.

Education
Over 70 per cent of Indians will be of working age in 2025. In this context, universalising access to secondary education, increasing the percentage of Indian scholars in higher education and providing skill training is necessary. For education, an allocation of 52057 crore, was proposed in the Current budget which is an increase of 24 per cent over 2010-11.

Health
For health, the budget proposed to step up the plan allocations in 2011-12 by 20 percent to 26,760 crore.