“India to be Top Economies of the World” – Finance Minister Nirmala Sitharaman

“India to be Top Economies of the World” – Finance Minister Nirmala Sitharaman
Union Finance Minister NIRMALA SITHARAMAN (Source - TWITTER)
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Key Poinrs:

  • On Saturday, Union Finance Minister Nirmala Sitharaman replied to the general discussion on the Union Budget and said that the Covid-19 pandemic did not deter the government from taking decisions on reforms to boost the economy.
  • “…reforms are going to lay a path for India to be one of the top economies of the world in the coming decades,” Sitharaman said.
  • Speaking about the PM, FM Sitharaman said Modi is working for the Dalits, backward and poor people. “People of India believe, have faith in the prime minister,” Sitharaman said.

On Saturday, Union Finance Minister Nirmala Sitharaman replied to the general discussion on the Union Budget and said that the Covid-19 pandemic did not deter the government from taking decisions on reforms to boost the economy.

The minister said the Budget for FY22, with its enhanced allocation for capex, healthcare and the development of agriculture infrastructure, has set the stage for India to become ‘self-reliant’. It focused on sectors with high multiplier effect on the economy.

“…reforms are going to lay a path for India to be one of the top economies of the world in the coming decades,” Sitharaman said.

“Stimulus plus reforms – an opportunity has been taken out of pandemic situation. A challenging situation like pandemic didn’t deter govt from taking up reforms that are going to be necessary for sustaining long term growth for this country,” Sitharaman said. She also added that the Union Budget has set the pace for India to become Aatmanirbhar.

“This Budget draws from the experience of the PM when he was CM – on the ground in Gujarat, seen so many revivals happening at a time when the license quota raj was going away post-1991 & then based on that experience, commitment to reform was blended into this Budget,” she added. On agricultural allocation in the budget, the FM said, “Data in the budget regarding agriculture allocation has been ‘misread’. A total of ₹1.15 lakh crore has been transferred to 10.75 crore farmers through the PMKSY.”

Speaking about the PM, FM Sitharaman said Modi is working for the Dalits, backward and poor people. “People of India believe, have faith in the prime minister,” Sitharaman said.