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Budget 2023: “Economic Growth Is Expected To Be At 7%,” Says Nirmala Sitharaman


In these 9 years, the Indian economy has increased in size from being 10th to 5th largest in the world, and our digital infrastructure is unmatched says FM Sitharaman

Mumbai: Finance Minister Nirmala Sitharaman starts her speech as she announces the budget for 2023-24 saying that is the first budget in Amrit Kaal. She said that they hope to build on the foundation laid in the previous budget.

Nirmala Sitharaman said, “The world has recognized the Indian economy as the bright star. Our economic growth is expected to be at 7%, the highest among major economies.”

Speaking of Covid19 Finance Minister said that the government assured no one went hungry to bed with a scheme to supply free foodgrains.

Speaking of G20 Nirmala Sitharaman said, “The G20 presidency will give India a unique opportunity to help strengthen a new world order.”

Speaking of Employee Provident Fund she said, “Indian economy has become a lot more formalized with EPFO membership doubling.” As per Deloitte Insta Analysis, EPFO membership doubled to 7 crores reflecting increased employment.

Digital infrastructure and Covid vaccinations helped India stay on track. The government’s efforts since 2014 have ensured all citizens, a better quality of life & life of dignity. The per capita income has more than doubled to Rs 1.97 lakh. In these 9 years, the Indian economy has increased in size from being 10th to 5th largest in the world, says FM Sitharaman.

Also Read: Why India’s Budget Is Called A Union Budget? Which Law Plays A Key Role In Government Expenses?

Our digital infrastructure is unmatched, she added.

Sitharaman explaining what Amrit Kaal will include, said, “Our vision for the Amrit Kaal includes a technology-driven and knowledge-based economy, with strong public finances and a robust financial sector. To achieve this ‘janbhagidari’ through ‘sabka saath, sabka prayaas’ is essential.”

Promotion of tourism will be taken up on mission mode, says Sitharaman.

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