India annual budget: Finance Minister speaks

"India stands out as a bright spot in the world economic landscape."

"My approach in preparing the budget is to spend more on rural areas, infrastructure and poverty alleviation with fiscal prudence."

"Signs of retreat from globalization have potential to affect exports from many emerging economies, including India."

"One of the thrust areas of my tax proposals is to stimulate growth, give relief to the middle class, (promote) affordable housing, curb black money, bring transparency in political funding and simplify tax administration."