New Delhi: Prime Minister Narendra Modi on Wednesday addressed Bharatiya Janata Party (BJP) workers over Union Budget 2022-23, which was announced by finance minister Nirmala Sitharaman a day prior.
“Post-pandemic, things are meant to change,” he said. “India, too, is seeing itself in a new light. The world’s perspective of looking at India has also changed a lot these days. It is imperative for us to take the country forward at a rapid pace by strengthening our economy with the goal of achieving Aatmanirbharta (self-dependency).”
The Prime Minister said that it is extremely important for India, as a modern nation, to be self-reliant. The nation’s economy is “continuously expanding” in the direction of modernity, he said.
Speaking on the Union Budget, Modi said, “Finance minister Nirmala Sitharaman has already explained the policies in a comprehensive manner. It (the Union Budget) has several important provisions that will take India forward in the direction of modernity.”
The Union Budget has been appreciated across multiple quarters, according to the Prime Minister, and it is aimed at expanding the various policies that the central government formulated and envisioned in the last seven years.
“Prior to this seven-year period, India’s gross domestic product (GDP) was ₹1,10,000 crore,” said the Prime Minister. “But today, it is about ₹2,30,000 crore. Even the country’s forex reserves have increased to $630 billion from $200 billion.”
“All of this is due to our government’s effective policies,” said Modi, addressing his fellow BJP colleagues across the country.
Highlighting a few notable points from the Budget, the Prime Minister said that the policies this year are also focused on, among other things, modernising Indian agriculture with a focus on organic farming.
“This will make farming more lucrative; things like Kisan drones, solar pumps, and other machinery will be made available to the farmers at reasonable prices,” he said.
Finance minister Sitharaman had a day prior unveiled the ₹39.45 lakh crore budget, with higher spending on highways to affordable housing to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. Although she primed up spending on infrastructure to create jobs and boost economic activity, the finance minister did not tinker with income tax slabs or tax rates.
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