"The prevailing economic scenario across the world is challenging to say the least. This year's Budget was proposed and presented at a time of unusual volatility in the international economic environment, markets are fearful, the global recovery may be faltering.
"Against this background, India stands out as a haven of stability and opportunity," Jaitley said at the Civil Accounts Day 2016 here.
The country's macro economics factors are stable and the government is committed to fiscal consolidation as well as low inflation, he said a day after presenting the Union Budget for
the next fiscal, starting April.

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