Finance Minister Nirmala Sitharaman presented the last full budget of the Narendra Modi government in Parliament on Wednesday before a general election next year. Sitharaman is presenting her fifth full budget after she took over as Finance Minister in July 2019. Sitharaman said the budget for 2023 -- 24 hopes to build on the foundation of the previous budget and blue print for India 100. She said this is the first budget in Amrit Kaal. The Indian economy is on the right track and heading towards a bright future.
This budget hopes to build on foundations set in previous budgets. Indian economy is on the right track, current year s growth has been 7%.
India s G 20 presidency gives us a unique opportunity to strengthen India's role in the world economic order in these times of global challenges.
During the Covid epidemic, we made sure that nobody goes to bed hungry with a scheme to provide free foodgrains to over 80 crore people for 28 months.
The government has a three-point agenda for growth - facilitating opportunities for youth, job creation and strengthening macroeconomic stability.
The entire expenditure of Rs 2 lakh crore for free food scheme is to be borne by centre. India has grown from 10th to 5th in the world economy.
India's per capita income has doubled to 1.97 lakh.
India's economy has become a lot more formalised and the implementation of many schemes like Ujjwala, Jan Dhan accounts, cash transfer of Rs 2.2 lakh crore to farmers has ensured inclusive growth.
Promotion of tourism to be taken up in mission mode, including via PPPs.
The budget adopts 7 priorities including inclusive development, green growth, youth power, financial sector, last mile infrastructure and last mile infrastructure.