Budget is not merely an interim budget but an inclusive and innovative budget: PM

Narendra Modi today hailed the Budget presented today as “not merely an interim budget but an inclusive and innovative budget." Prime Minister Modi asserted, "this budget carries the confidence of continuity." The Prime Minister further said "This budget will empower all pillars of developed India - the youth, the poor, women, and farmers."

Commending Finance Minister Nirmala Sitharaman for her vision, Prime Minister Modi stated, "Nirmala Ji's budget is a budget for building the future of the country." He further added, "This budget carries the guarantee of strengthening the foundation of Viksit Bharat by 2047."

Prime Minister Modi remarked, "this budget is a reflection of the aspirations of Young India." He highlighted two significant decisions taken in the budget, stating, "a fund of Rs. 1 lakh crore has been announced for research and innovation." Additionally, he highlighted the extension of tax exemptions for startups in the budget.

While keeping the fiscal deficit under control, the Prime Minister informed that the total expenditure has seen a historic increase to Rs 11,11,111 crores in this budget. “In economists’ parlance, PM Modi said, “this is a kind of sweet spot”. He added that it will create millions of new employment opportunities for the youth along with the creation of modern infrastructure of the 21st century in India. He also informed about the announcement to manufacture 40,000 modern bogies of Vande Bharat Standard and install them in general passenger trains which will further heighten comfort and travel experience of crores of passengers on different rail routes of the country.