Union Budget | Indian economy witnessed profound positive transformation in last 10 years, says FM Nirmala Sitharaman
The Hindu
Budget 2024: Indian economy witnesses positive transformation, projected to become third largest in the world with a GDP of $5 trillion, says Nirmala Sitharaman
The Indian economy has witnessed a profound positive transformation in the last 10 years, Finance Minister Nirmala Sitharaman said on Thursday, February 1, 2024.
Ms. Sitharaman in her pre-election Budget, which is technically a vote on account and popularly termed an interim Budget, said people of India are looking ahead to the future with hope and options.
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She further said the government under the leadership of Prime Minister Narendra Modi covered all aspects of inclusivity.
Structural reforms, pro-people programmes and employment opportunities helped the economy get new vigour, the finance minister said.
After contracting by 5.8 per cent in 2020-21, the economy recorded a growth of 9.1 per cent in 2021-22.
The Finance Ministry in its latest monthly economic review said the Indian economy will become third largest in the world in the next three years with a GDP of 5 trillion from the current 3.7 trillion.
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