Budget 2024, PM Modi asserts: 'A pledge to fortify India's foundation for development by 2047.'
Modi acknowledged the absence of grandiloquent announcements and stressed the budget's commitment to laying the groundwork for a robust India by 2047.
In a momentous parliamentary session, Union Finance Minister Nirmala Sitharaman unfolded the pages of the interim budget, adhering to a tradition of fiscal prudence and steering clear of populist proclamations. Prime Minister Narendra Modi, in response, lauded the budget as a paragon of inclusivity and innovation, delineating a roadmap for the nation's future.
Addressing the Lok Sabha, Prime Minister Modi expressed profound appreciation for the interim general budget, underlining its focal points in empowering the youth, the poor, women, and farmers—the foundational pillars for a developed India. Modi acknowledged the absence of grandiloquent announcements and stressed the budget's commitment to laying the groundwork for a robust India by 2047.
In a released video message, the Prime Minister emphasized the budget's role as a guarantee to fortify the foundations of a developed India. He praised the inclusive and innovative approach, underlining the government's unwavering commitment to continuity. Modi extended hearty congratulations to Finance Minister Nirmala Sitharaman and her entire team for their dedicated efforts in crafting the budget.
Prime Minister Modi noted that the budget resonates with the aspirations of young India, spotlighting two pivotal decisions. Firstly, a substantial fund of Rs 1 lakh crore earmarked for research and innovation signifies the government's dedication to fostering technological advancements. Secondly, the announcement of expanded tax exemptions for startups aligns with the vision to cultivate an entrepreneurial spirit.
Highlighting a historic milestone, Modi underscored the allocation of Rs 11 lakh 11 thousand 111 crore for capital expenditure while maintaining fiscal discipline. He proudly showcased the government's achievements, including the construction of over 4 crore houses for the underprivileged, coupled with an ambitious target of 2 crore additional new houses.
Shifting focus to women empowerment, Modi mentioned the initial goal of creating 2 crore women Lakhpati Didi, which has now been elevated to an even more ambitious target of 3 crore. The budget unveiled pivotal decisions benefiting farmers, such as the introduction of NANO DAP, new schemes for animals, expansion of PM Matsya Sampada Yojana, and a self-reliant oil seed campaign aimed at boosting farmers' income and curbing expenses.
As the Lok Sabha engages in deliberations on the interim budget, Prime Minister Modi's endorsement positions it as a visionary document, steering India towards progress and prosperity in the years ahead. The budget emerges as a comprehensive strategy, signaling the nation's determined stride into a future marked by inclusivity, innovation, and sustained development.
