New Delhi, July 31 (UNI) The Union Budget 2024-25 balances growth, employment, welfare spending, capital investments, and fiscal consolidation, Finance Minister Nirmala Sitharaman said on Wednesday while replying to the discussion on the Budget in Rajya Sabha, highlighting the decreasing unemployment rate over the past few years due to public investments.
Since 2014 the principle which has guided us is Sabka Saath, Sabka Vikas, Sabka Viswas and Sabka Prayas and it continues in this Budget as well and, hopefully, will guide for the next five years which would be very critical towards building Viksit Bharat by 2047, she said.
Earlier, the FM said that fiscal prudence has been an important governing principle of the Narendra Modi government due to which the IMF recently raised the GDP growth for India during 2024-25 to 7 percent, Sitharaman said.
From a low GDP growth in Covid to becoming the fastest growing economy of the world, the credit for Indian economy’s achievements goes to farmers, MSME entrepreneurs, workers and the inspirational leadership of Prime Minister Modi, she said.
