New Delhi, Feb. 28 : Finance Minister P. Chidambaram on Thursday said the Congress-led UPA Government believes in inclusive growth with emphasis on improving the human development index.

Chidambaram, who is presenting the Union Budget for 2013-14 in Parliament, said without growth there will be no development and inclusiveness.

Chidambaram said the economic space is constrained at present, and added that India doesn''t have the choice between welcoming and spurning foreign investment.

The Finance Minister said development must be sustainable and must have democratic legitimacy.

"The battle against inflation must be fought on all fronts," he added.

Chidambaram is presenting his historic eighth budget in Parliament now.

The nation''s expectations are running high on what the Finance Minister has in store. The individual taxpayers are also looking forward to some relief from today''s General Budget.

This budget is significant as it is the last one before the nation faces the next Lok Sabha polls due to take place in April-May next year. (ANI)