Team News Riveting
New Delhi, February 1
Prime Minister Narendra Modi said today’s budget was historic; it reflected a powerful reflection of the country’s Nari Shakti (women power).
As a woman Finance Minister, Nirmala Ji has set a new record by presenting the country’s budget for the ninth consecutive time. This budget is a highway of immense opportunities. This budget realizes the dreams of the present and strengthens the foundation of India’s bright future. This budget is a strong base for our high flight towards a Developed India (Viksit Bharat) of 2047.
The Reform Express that India is riding today will get new energy and new speed from this budget. The path-breaking reforms that have been made give the open sky to the courageous and talented youth of an aspirational India to fly. This budget realizes the vision of trust-based governance and human-centric economy. This is such a unique budget in which there is a focus on reducing the fiscal deficit and controlling inflation, and along with this, there is a coordination of high capex and high growth in the budget.
Modi said the budget re-empowers India’s global role. The 140 crore citizens of India are not satisfied just by becoming the fastest-growing economy. “We want to become the world’s third-largest economy as soon as possible. This is the resolve of crores of countrymen. India’s role as a ‘trusted democratic partner’ and ‘trusted quality supplier’ of the world is continuously increasing. The maximum benefit of the big trade deals that India has done recently—the mother of all deals—should go to the youth of India and to India’s small and medium industries; major steps have been taken in the budget in this direction,” he added.
In this budget, an ambitious roadmap has been presented for Make in India and the Atmanirbhar Bharat Abhiyan to gain new momentum. The strength with which support has been given to the newly emerging industries, i.e., sunrise sectors, in this budget is unprecedented. Bio-Pharma Shakti Mission, Semiconductor Mission 2.0, Electronic Component Manufacturing Scheme, construction of Rare Earth Corridor, emphasis on critical minerals, new scheme in the textile sector, promotion of high-tech tool manufacturing, creating champion MSMEs—these are futuristic and take care of the current and future needs of the country. The support that MSMEs and our small and cottage industries have received in this budget will give them new strength to become local to global.
Many big steps have been taken in the budget to strengthen infrastructure: Dedicated Freight Corridor, Expansion of waterways across the country, High-speed rail corridor and Special attention to the development of Tier-2 and Tier-3 cities and promoting municipal bonds to give cities a strong economic base; all these steps will further accelerate the journey of Developed India.
The biggest capital of any country is its citizens. In the past years, our government has made unprecedented investment in enhancing the potential of the citizens of the country. Our effort has been to continuously give strength to Skill, Scale, and Sustainability. As Nirmala Ji said in Parliament today, this is a Youth Power Budget. It contains the thinking of the youth, the dreams of the youth, the resolve of the youth, and also the speed of the youth. The provisions made in the budget will create leaders, innovators, and creators in different sectors.
“Through the creation of medical hubs, through allied health professionals, by promoting the Orange Economy (i.e., audio-visuals and gaming), by encouraging tourism, and through the Khelo India Mission, doors of new opportunities will open for the youth. A major tax exemption has also been announced to make India the world’s data center hub. I especially congratulate the youth of India for this budget because it will give a big boost to employment generation. I am very happy that solid steps have also been taken in this budget to promote tourism, especially in the North East. The foundation of balanced development has also been strengthened in this budget by making different states of India powerful,” Modi said.
More than 10 crore women in our country are associated with Self Help Groups, and it has been a very successful campaign. Priority has been given in the budget to creating a modern ecosystem of Self Help Groups manufactured by women and operated by women. The effort is that Goddess Lakshmi arrives in every home. The campaign to build new hostels for female students in every district will also make education accessible.
“Our government has always given top priority to India’s agriculture, dairy sector, and fisheries. In this budget too, many important steps have been taken for the farmers associated with the production of coconut, cashew, cocoa, and sandalwood. The ‘Bharat Vistar AI’ tool will help farmers a lot by providing information in their own language. By promoting entrepreneurship in fisheries and animal husbandry, more opportunities for employment and self-employment will be created in the villages themselves,” the Prime Minister said.
The budget is ambitious and it also addresses the aspirations of the country. The Prime Minister heartily congratulate Nirmala Ji and her team for the futuristic budget, for this sensitive budget, and for the budget that ensures the welfare of the village, the poor, and the farmer.
