New Delhi: Prime Minister Narendra Modi on Saturday lauded the Union Budget, presented by Finance Minister Nirmala Sitharaman, as a “people’s budget” that puts more money in the hands of people and said it is a force-multiplier that will increase investments and lead to growth.
In televised remarks on the Budget, Modi said the government has opened up many sectors for the youth, who will drive the mission of ‘Viksit Bharat’ (developed India).
“This Budget is a force multiplier. This Budget will increase savings, investment, consumption and growth,” the prime minister said, congratulating the finance minister and her team for presenting a “people’s budget”.
Addressing the nation over the Union Budget 2025, the Prime Minister said, “The tax relief will provide big benefit to the middle class, the salaried employees”.
“In this budget, income up to Rs 12 lakh per annum has been made tax-free. For all income groups, taxes have been reduced. It will hugely benefit our middle class. It will be an opportunity for the people who have recently joined the workforce,” he added.
“Today is an important milestone in India’s development journey. This is the budget of aspirations of 140 crore Indians.”
“This is a budget that fulfills the dreams of every Indian. We have opened many sectors for the youth. The common citizen is going to drive the mission of Viksit Bharat,” he added.
Prime Minister Modi also said that, “This budget is a force multiplier, and will increase savings, investment, consumption and growth rapidly. I congratulate Finance Minister Nirmala Sitharaman and her entire team for this Janta Janardan’s, People’s budget.”
“Usually, the focus of the budget is on how the government treasury will be filled, but this budget is exactly the opposite of that. How will this budget fill the pockets of the citizens of the country, how will the savings of the citizens of the country increase and how will the citizens of the country become development partners… This budget lays a very strong foundation for this,” PM Modi said.
“In terms of reforms, many important steps have been taken in this budget. Encouraging the private sector in nuclear energy is historic. It will ensure a big contribution of Civil Nuclear Energy in the development of the country,” he added.
“In the budget, priority has been given to all the sectors of employment in every way. I would like to discuss those reforms which are going to bring a big change in the coming times. Due to giving an infrastructure status, the construction of big ships in India will be encouraged, the Atmanirbhar Bharat Abhiyan will get momentum,” the Prime Minister said.
“We all know that shipbuilding construction is the sector that gives maximum employment. Similarly, there is a lot of potential for tourism in the country. Hotels will be built at 50 important tourist stations, for the first time, by bringing hotels under the ambit of infrastructure, tourism will get a big boost. This will give energy to the hospitality sector, which is a very big sector of employment,” he added.
“In this budget, the Gyan Bharat Mission has been started for the preservation of one crore manuscripts,” the Prime Minister said, adding, “The announcement made for farmers in the budget will become the basis of a new revolution in the agriculture sector and the entire rural economy. The limit of ‘Kisan Credit Card’ will be increased to Rs 5 lakhs, which will help them more.”
