Budget 2022 to lay foundation for India's growth over next 25 years, says FM Sitharaman
Finance Minister Nirmala Sitharaman while presenting the Union Budget for the year 2022-23 on Tuesday said that it will lay the foundation for India's economic growth and expansion for the next 25 years.
"This Union Budget seeks to lay the foundation and give a blueprint of the economy over Amrit Kal of next 25 years - from India at 75 to India at 100," said Sitharaman said while presenting her fourth union budget in Lok Sabha.
She further added that India is in a strong position to withstand future challenges, adding the government's focus will continue on boosting public investment to modernise infrastructure.
The PM Gati Shakti programme will be one of the government's top priorities in the coming years. Roads, railways, airports, ports, mass transportation, waterways and logistics infra are the seven engines of the PM Gati Shakti project.
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The Finance Minister further said the Production Linked Incentive (PLI) Scheme for achieving Aatmanirbhar Bharat has gotten a great response, with the potential to create 60 lakh new jobs and additional production of 30 lakh crore during the next five years.
Prior to the presentation, a Union Cabinet meeting was held that approved the Budget 2022-23.
Earlier on Tuesday, the Finance Minister, accompanied by Ministers of State for Finance Pankaj Chaudhary, Bhagwat Karad and other officials from the Ministry met President Ram Nath Kovind ahead of the Budget presentation.
She was accompanied by Ministers of State for Finance Pankaj Chaudhary, Bhagwat Karad and other officials from the Ministry.
The Union Budget for 2022-2023 was presented in a paperless format in an attempt to go green. Instead of using the traditional 'bahi khata,' Sitharaman read the Budget to Parliament on a tab.
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-PTC News
