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.
Political economist Parakala Prabhakar has described the exit poll results as “fudged figures”, saying that those would benefit the National Democratic Alliance (NDA) only. “False predictions were given with the sole objective of helping the NDA in rigging during the counting,” alleged Mr. Prabhakar, after releasing a book titled ‘Avineeti Chakravarthi Narendra Modi’ penned by former Minister Vadde Shobanadreeswara Rao, here, on June 2 (Sunday).