Prime Minister Narendra Modi praised the budget that was submitted to Parliament on Thursday, stating that it is an inclusive and creative budget rather than just an interim one.
“There is trust in continuity with this budget. PM Modi stated, “It will empower the youth, the impoverished, women, and farmers—all the pillars of developed India.”
Prime Minister Modi praised Finance Minister Nirmala Sitharaman for her vision, stating that her budget is one that would be used to construct the nation’s future.
“This budget carries the guarantee of strengthening the foundation of Viksit Bharat by 2047,” Modi stated.
He claimed that the goals of Young India are reflected in this budget.
He emphasized two budgetary decisions, mentioning the announcement of a Rs. 1 lakh crore fund for innovation and research.
He also emphasized how the budget extended tax breaks for new businesses.
The Prime Minister announced that this budget features a historic increase in overall expenditure to Rs 11,11,111 crores while maintaining control over the fiscal imbalance.
According to economists, this is a “sweet spot,” as Modi put it.
According to him, the decision to produce 40,000 Vande Bharat Standard contemporary bogies and use them in regular passenger trains will significantly improve the comfort and travel experience for millions of passengers on the nation’s various rail lines.
“We set a big goal, achieve it, and then set an even bigger goal for ourselves,” he stated.
He reported on the construction of almost 4 crore residences in rural and cities, with an increased goal of building 2 crore more houses, highlighting the government’s efforts for the welfare of the poor and middle class.
With a focus on women’s empowerment, Prime Minister Modi stated, “Our objective was to create 2 crore ‘Lakhpatis’ among women.” The target has now been raised to create 3 crore Lakhpatis.”
Additionally, he commended the Ayushman Bharat Yojana for providing substantial aid to the underprivileged and for extending its benefits to ASHA and Anganwadi workers.
He emphasized that the government’s goal in this budget is to empower the middle class and impoverished by giving them new chances.
He also brought up the Roof Top Solar Campaign, which will provide free electricity to one crore homes and allow them to sell any extra electricity they produce to the government for between Rs. 15,000 and Rs. 18,000 annually.
