Budget 2024 guarantee of strengthening foundation of developed India: PM Modi

Prime Minister Narendra Modi asserted on Thursday that the Union Budget presented by Finance Minister Nirmala Sitharaman offers the “guarantee” of strengthening the foundation of a developed India, reported news agency PTI.

In a televised address following the Budget 2024, he said it will empower the four pillars of developed India, namely the young, poor, women and farmers.

“This is a budget of creating India`s future,” PM Modi said, adding that it is a reflection of the young aspirations of a young India, reported PTI.

Citing the announcement of Rs 1 lakh crore fund for research and innovation, he noted that the “historic” budget has also offered rebates for start-ups. It has provisions for a huge capital expenditure of Rs 11.11 lakh crore while keeping the fiscal deficit under control, he said, reported PTI.

The Budget 2024 empowers the poor and middle class and will create countless employment opportunities for the youth, he said.

Prime Minister Narendra Modi called the interim Budget presented by Finance Minister Nirmala Sitharaman in Parliament on Thursday, “inclusive and innovative”, reported ANI.

“This interim budget is inclusive and innovative. It has confidence in continuity. It will empower all four pillars of Viksit Bharat: Yuva, Garib, Mahila and Kisan. This Budget gives the guarantee of making India a developed nation by 2047,” PM Modi said, reported ANI.

He further said that this budget is a reflection of the young aspirations of a young India.

“This budget is a reflection of the young aspirations of a young India. Two important decisions were made within the Budget. For research and innovation, a fund of Rs 1 lakh crore has been announced,” he added, reported ANI.

He further noted that the Budget 2024 stresses the empowerment of the poor and middle class as well as creating new employment opportunities for them.

“It has been announced to construct 2 crore more houses for the poor. We aim to have 3 crore `Lakhpati Didis` now. ASHA and Anganwadi workers will also get the benefit of the Ayushman Bharat scheme,” he added, reported ANI.

The Prime Minister further said that in the budget, keeping fiscal deficit under control, capital expenditure has been given a historic high of Rs 11,11,111 crore.

“If we speak the languages of the economists, in a manner this is `sweet spot`. With this, besides building India`s modern infrastructure of the 21st century, innumerable new job opportunities for the youth will be prepared,” he added, reported ANI.

He further noted that the income-tax remission scheme will provide relief to 1 crore people from the middle class.

`In this budget, important decisions have been taken for the farmers,” he added.

(With inputs from PTI and ANI)

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