Prime Minister Narendra Modi expressed praise for the budget presented in Parliament, highlighting its inclusive and innovative nature. He emphasized its focus on empowering the youth, poor, women, and farmers, considering it a foundation for a developed India. Finance Minister Nirmala Sitharaman’s vision was commended, with Modi stating that the budget aims to build the country’s future, guaranteeing the strengthening of India’s foundation by 2047.
PM Modi specifically mentioned the allocation of a $1.2 billion fund for research and innovation and the extension of tax exemptions for startups. Despite maintaining fiscal discipline, the budget witnessed a historic increase in total expenditure to $133 billion. Modi characterized this as a significant achievement.
The announcement of manufacturing 40,000 modern bogies for Vande Bharat Standard in general passenger trains was highlighted for enhancing travel comfort. Modi emphasized the government’s ambitious goal-setting approach, aiming for continuous achievements.
Regarding welfare initiatives, PM Modi mentioned the construction of over 40 million houses in villages and cities, with a target to build an additional 20 million. The empowerment of women was underscored, with the goal of creating 30 million ‘Lakhpatis.’ The Ayushman Bharat Yojana’s extension to Anganwadi and ASHA workers was lauded for providing significant assistance to the poor.
The focus on creating opportunities for the poor and middle class was emphasized, and the Roof Top Solar Campaign was highlighted. One crore families are expected to receive free electricity, earning an income of $180 to $216 per year by selling excess electricity to the government.
