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PM Modi’s quest for Viksit Bharat

June 23, 2025, 1:07 am

Under Prime Minister Narendra Modi’s visionary leadership, India has made significant strides toward the Viksit Bharat 2047 goal, marking 11 years of transformative governance. Through initiatives like Digital India, Make in India, and Ayushman Bharat, Modi has driven economic growth, technological innovation, and social welfare. Infrastructure development, including Bharatmala and Smart Cities, has enhanced connectivity and urban living.

Policies promoting renewable energy and sustainable farming align with environmental goals. By empowering youth, women, and marginalized communities, Modi’s inclusive approach fosters collective progress. His strategic reforms and global outreach have positioned India as a leader, advancing toward a developed, self-reliant nation by 2047. In conclusion, Modi’s 11 years have prioritized stability, infrastructure, and inclusion, aligning with Viksit Bharat’s vision, but face challenges in employment and growth. UPA’s higher GDP growth came with instability, less aligned with long-term development.

The NDA’s reforms position India closer to Viksit Bharat, but sustained 8% growth remains critical. The 11-year tenure of Prime Minister Narendra Modi’s government (2014–2025), led by the National Democratic Alliance (NDA), marks a significant period in India’s political and economic landscape, often compared to the preceding United Progressive Alliance (UPA) government under Manmohan Singh (2004–2014). A statistical analysis highlights key differences and achievements across economic, social, and governance metrics.

Economic Growth:

The UPA’s decade saw an average GDP growth rate of 7.6%, peaking at 10.3% in 2010–11, driven by global commodity price surges and domestic reforms. However, growth slowed in UPA-II (2009–2014) to 7.5% due to policy paralysis and corruption scandals. In contrast, the NDA’s average GDP growth was 5.9% (2014–2024), with a peak of 8.2% in 2016–17, impacted by demonetization and the COVID-19 pandemic. Modi’s government claims stronger macroeconomic fundamentals, with a fiscal deficit reduced to 3.7% of GDP compared to UPA’s 5.9%. Critics argue that UPA’s higher growth came at the cost of fiscal imprudence, while NDA’s growth, though lower, was more sustainable.

Inflation Management:

The NDA significantly curbed inflation, averaging 4.5% (CPI) compared to UPA’s 8.2%, which peaked at 12.3% in 2010–11 due to high global oil and metal prices. Modi’s policies, including lower Minimum Support Prices (MSP) and fuel tax adjustments, stabilized prices, though low food inflation hurt farmers.

Foreign Investment and Reserves: UPA saw a 20.02% increase in Foreign Direct Investment (FDI), while NDA recorded a 3.08% decline (2009–2019). However, NDA’s total FDI inflow reached $500 billion, 65% higher than UPA’s. Foreign exchange reserves grew by 16.86% under Modi compared to 8.45% under UPA, reflecting stronger external stability.

Critics note that net foreign investment as a percentage of GDP was higher under UPA (1.2% vs. 0.8%). Job Creation: Employment remains a challenge for both regimes. UPA created 2.9 crore jobs (2004–2014), while NDA claims 17.19 crore jobs (2014–2024) per RBI KLEMS data. However, unemployment averaged 6.1% under NDA, higher than UPA’s 5.5%, with a peak of 8.4% in 2019–20. Schemes like Mudra and Startup India aimed to boost entrepreneurship, but critics highlight stagnant manufacturing jobs and agricultural distress.

Social and Infrastructure Development:

Modi’s tenure emphasized infrastructure, with highway construction averaging 36 km/day compared to UPA’s 8–11 km/day. Social schemes like Ayushman Bharat and PM Awas Yojana provided healthcare and housing to millions, with 25 crore people escaping multidimensional poverty (NITI Aayog). UPA’s social spending was higher (education and welfare), but NDA’s focus on last-mile delivery and digitalization (e.g., Jan Dhan Yojana’s 42 crore accounts) enhanced inclusion.

Governance and Criticism:

NDA’s governance is lauded for transparency and bold reforms (e.g., GST, Article 370 repeal), but criticized for democratic backsliding and centralization. UPA faced accusations of corruption and policy inaction, yet maintained higher press freedom. In summary, Modi’s 11 years prioritized stability, infrastructure, and digital inclusion, but lagged in job creation and GDP growth compared to UPA.

While NDA’s reforms aim for long-term sustainability, UPA’s era benefited from global economic tailwinds. Both tenures faced unique challenges, shaping India’s trajectory differently. In conclusion, Modi’s 11 years have prioritized stability, infrastructure, and inclusion, aligning with Viksit Bharat’s vision, but face challenges in employment and growth. UPA’s higher GDP growth came with instability, less aligned with long-term development.

The NDA’s reforms position India closer to Viksit Bharat, but sustained 8% growth remains critical. PM Narendra Modi’s 11- year quest for Viksit Bharat showcases transformative growth, lifting 25 crore people out of poverty, with robust infrastructure and digital advancements, surpassing UPA’s decade of inconsistent progress. Swami Vivekananda’s words, “Arise, awake, and stop not till the goal is reached,” echo Modi’s relentless pursuit of a prosperous, self-reliant India by 2047, driven by inclusive governance and youth empowerment.

PM Modi’s 11-year Viksit Bharat vision outpaces UPA’s decade, with 25 crore lifted from poverty, soaring infrastructure, and digital leaps. As Swamy Vivekananda’s quote says– “Take up one idea, make that your life,” reflects Modi’s leadership at the helm of affairs has an unwavering focus on inclusive growth, positioning India for global leadership by 2047 through dynamic governance and economic resilience.

Sowing the seeds of prosperity: Modi government’s renewed commitment to farmers and a Viksit Bharat

January 28, 2025, 2:27 am

In June 2024, as Narendra Modi began his third term as Prime Minister of India, his first action set the tone for a renewed commitment to farmers. By authorising the release of the 17th installment of the PM Kisan Nidhi, he underscored his government’s enduring focus on farmer welfare.

This dedication was further reinforced in the first Cabinet meeting of 2025, where significant decisions were made to bolster agricultural prosperity. Prime Minister Modi expressed his pride in India’s farmers and reaffirmed the government’s intent to empower them. Union Minister Shivraj Singh Chouhan echoed this sentiment, envisioning the New Year as a step towards fulfilling the shared dream of a developed India.

The first major decision revolved around the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Restructured Weather Based Crop Insurance Scheme, which were extended until 2025-26 with a comprehensive budget of Rs. 69,515.71 crore. This move aims to provide risk coverage to farmers against natural calamities, ensuring that their hard work is safeguarded.

The establishment of the Fund for Innovation and Technology (FIAT), with a corpus of Rs. 824.77 crore, marks a groundbreaking approach to integrating technology into crop insurance. Initiatives like the Yield Estimation System using Technology (YES-TECH) and the Weather Information and Network Data Systems (WINDS) are set to revolutionise yield estimation and weather forecasting, offering farmers a lifeline against unpredictable climatic challenges. These advancements reflect the government’s commitment to leveraging innovation to benefit the agricultural sector.

The second key decision was the extension of the one-time special package on diammonium phosphate (DAP) fertilisers under the Nutrient Based Subsidy (NBS) policy until December 2025. With an additional allocation of Rs. 3,850 crore, this measure ensures that DAP remains affordable for farmers while promoting sustainable agricultural practices.

By continuing this subsidy, the government seeks to alleviate the financial burden on farmers and maintain agricultural productivity. This policy reflects a long-term vision to enhance the accessibility of essential resources and strengthen the backbone of the agrarian economy.

The third decision involved strengthening international trade relations through a Memorandum of Understanding (MoU) with Indonesia for the annual trade of one million metric tonnes of non-basmati white rice. This four-year agreement, implemented by the National Cooperative Exports Limited (NCEL), not only addresses trade imbalances but also provides a structured framework for cooperative involvement in international markets.

By sourcing rice transparently and equitably, this initiative ensures market stability while boosting India’s export potential. The MoU represents a strategic move to integrate Indian agricultural products into global supply chains, fostering economic growth and cooperation.

The continuation of the Pradhan Mantri Fasal Bima Yojana encapsulates the government’s vision of inclusive development through technology. With initiatives like YES-TECH for yield estimation and WINDS for hyper-local weather data, the scheme exemplifies a forward-thinking approach to risk management in agriculture.

The prioritisation of North Eastern States with a 90% premium subsidy highlights an equitable strategy to extend benefits to all regions. These measures reflect a holistic effort to ensure that no farmer is left behind, empowering them to face challenges with resilience and optimism.

In conclusion, the Modi government’s pro-farmer policies underscore a relentless pursuit of a “Viksit Bharat”—a developed India where agriculture thrives as the cornerstone of progress. By focusing on innovation, affordability, and global engagement, these decisions reflect a transformative agenda aimed at uplifting the lives of India’s farmers. This unwavering commitment aligns with the broader vision of a self-reliant, prosperous nation that cherishes its agricultural roots while embracing the promise of modernity.

Pilot Neeraj Sehrawat, National Incharge – Research & Policy, Kisan Morcha BJP.
Sumit Kaushik, a research scholar at O.P. Jindal Global University.

Building a strong foundation for Viksit Bharat: India’s startup ecosystem as a catalyst for growth

January 9, 2025, 2:57 am

India, with its rich entrepreneurial spirit and innovative mindset, is paving the way toward a Viksit Bharat (Developed India). Recognizing the critical role startups play in economic growth, job creation, and fostering innovation, the Government of India launched the Startup India initiative on January 16, 2016. This initiative was designed to create a robust ecosystem that nurtures innovation, encourages investments, and propels startups to be key contributors to India’s socio-economic development.
The Startup India Action Plan, unveiled to ensure the initiative’s success, encompasses 19 targeted action items. These span three core pillars: Simplification and Handholding, Funding Support and Incentives, and Industry-Academia Partnership and Incubation. By addressing challenges faced by startups and fostering collaboration across stakeholders, this comprehensive plan serves as a roadmap to transform India into a global startup hub.

Transformative Schemes Driving Innovation
To support startups at various stages of their lifecycle, the government has introduced flagship schemes such as:
• Fund of Funds for Startups (FFS): This initiative ensures that startups have access to capital for growth and scaling.
• Startup India Seed Fund Scheme (SISFS): Targeting early-stage startups, this scheme provides crucial seed funding.
• Credit Guarantee Scheme for Startups (CGSS): It offers financial security and helps startups secure credit.
Complementing these financial measures are initiatives like the States’ Startup Ranking, National Startup Awards, and Innovation Week, which collectively aim to build a vibrant and inclusive startup ecosystem.
Furthermore, platforms like the Startup India Hub portal and Bharat Startup Knowledge Access Registry (BHASKAR) have digitized resources and fostered collaborations across stakeholders. These efforts ensure that the ecosystem benefits reach tier-2 and tier-3 cities, encouraging inclusive growth.
Empowering India’s Workforce and Economy

The impact of these initiatives is evident. Over 16.6 lakh direct jobs have been created by DPIIT-recognized startups across more than 55 industries. These industries span beyond technology into areas like agriculture, healthcare, and education, showcasing the diversity and potential of India’s entrepreneurial ecosystem.
Startups are not only transforming India’s economic landscape but also contributing to gender inclusivity. Women now constitute nearly 64% of the agricultural labor force, and targeted programs aim to bring more women into leadership roles in entrepreneurship, thus bridging gender disparities.

Holistic Ecosystem Development
Building an ecosystem that supports entrepreneurs from every corner of the country has been a cornerstone of the Startup India initiative. Efforts to achieve this include:
1. Capacity Building and Handholding:
Workshops under the States’ Startup Ranking Framework (SRF) and targeted sessions for incubators in non-metro regions have equipped entrepreneurs with knowledge, mentorship, and tools to scale their ventures.
2. Outreach and Awareness:
Programs aimed at increasing visibility and access to resources have been organized in collaboration with State and UT administrations. Initiatives like startup showcases allow budding entrepreneurs to pitch their ideas to investors, opening doors to funding and partnerships.
3. Ecosystem Development Events: Flagship events like the Startup Mahakumbh bring together entrepreneurs, investors, and mentors from across the nation to foster collaboration. Similarly, ASCEND workshops in the North-Eastern states focus on nurturing local talent and innovation.
4. International Linkages:
With the institutionalization of the Startup20 Engagement Group under India’s G20 Presidency, startups gained access to global markets, resources, and collaborative opportunities. This initiative positions India as a thought leader in the global startup ecosystem, driving cross-border partnerships and investments.

Collaboration and Digital Transformation
Collaboration remains central to the success of the startup ecosystem. Platforms like the Startup India Hub and BHASKAR have enabled seamless interaction among entrepreneurs, investors, and policymakers. These digital tools ensure startups from tier-2 and tier-3 cities can access the same opportunities as their metropolitan counterparts, leveling the playing field for innovation.

Recommendations for the Road Ahead
While the Startup India initiative has achieved remarkable progress, the journey toward Viksit Bharat requires sustained efforts. Recommendations for enhancing the ecosystem include:
• Strengthening Regional Ecosystems: Establish localized incubation hubs to provide targeted support in tier-2 and tier-3 cities.
• Enhancing Global Collaborations: Expand international bridges to more countries, enabling startups to access diverse markets and technologies.
• Promoting Deep Tech and Sustainability: Encourage startups in emerging areas like artificial intelligence, biotechnology, and renewable energy to address critical challenges of the future.
• Facilitating Grassroots Innovations: Empower rural entrepreneurs through specialized programs and funding opportunities, fostering grassroots innovations.

Startup India:
A Pathway to Viksit Bharat
As India marches toward its vision of becoming a developed nation by 2047, the Startup India initiative stands as a testament to the country’s commitment to innovation-driven growth. By fostering a culture of entrepreneurship, breaking barriers for women and rural entrepreneurs, and ensuring equitable access to resources, the government has laid a strong foundation for an inclusive and resilient economy.
The success of the startup ecosystem aligns seamlessly with the broader goal of Viksit Bharat. Startups represent the entrepreneurial spirit of New India, a nation driven by innovation, collaboration, and purpose. With the continued momentum of initiatives like Startup India, India is not just building businesses—it is shaping the future.
In the words of our Hon’ble Prime Minister Narendra Modi, “Innovation is the engine of growth. Startup India is a movement to celebrate the innovators and entrepreneurs shaping a new India.” By nurturing startups, India is ensuring a brighter, more prosperous future for its people, reaffirming its position as a global powerhouse in innovation and entrepreneurship.
India’s startup journey is not just a story of economic transformation—it is a narrative of hope, ambition, and a vision of Viksit Bharat where every individual, regardless of their background, has the opportunity to contribute to and benefit from the nation’s progress.
Tuhin A. Sinha, National Spokesperson, BJP.

India’s Progress on Display at Pravasi Bharatiya Divas: MoS Singh

January 8, 2025, 5:54 am

Union Minister of State for External Affairs, Kirti Vardhan Singh, called the Pravasi Bharatiya Divas (PBD) an essential platform to highlight India’s progress and strengthen ties with the global Indian diaspora.

Speaking to ANI, Singh stated, “This is a very important event for us, where we can showcase our country’s progress and also engage with the diaspora settled worldwide. We hold detailed discussions to expand interests and help our diaspora achieve their goals.”

A Platform for Collaboration and Growth

The Pravasi Bharatiya Divas Convention enables an exchange of ideas and constructive thoughts. Singh emphasized the event’s importance in fostering better plans for India’s future while serving as a bridge to connect with the diaspora.

Celebrating the Achievements of Indian Diaspora

Reflecting on his interactions with the diaspora, Singh shared his pride in hearing praise for Indian communities abroad. “Their hard work, law-abiding nature, and achievements bring immense pride. As a government, we will continue to support them,” he added.

Key Details of the 18th PBD Convention

Date: January 8-10, 2025
Location: Bhubaneswar, Odisha
Theme: “Diaspora’s Contribution to a Viksit Bharat”
The event, organized in partnership with the Odisha State Government, will be inaugurated by Prime Minister Narendra Modi. Over 50 countries have registered their participation, making this a truly global gathering.

Conclusion

Pravasi Bharatiya Divas is not just an event but a celebration of the achievements and contributions of the Indian diaspora. It serves as a bridge for collaborative growth, empowering India and its global community to create a “Viksit Bharat.”

PM Modi Invites Indian Diaspora For Pravasi Bharatiya Divas

December 21, 2024, 9:55 pm

Prime Minister Narendra Modi has called on the Indian diaspora to actively participate in India’s journey towards ‘Viksit Bharat’ (Developed India). Speaking at the ‘Hala Modi’ community event in Kuwait, PM Modi extended an invitation to Pravasi Bharatiya Divas 2025, which will be held in Bhubaneswar from January 8-10, 2025.

Key Announcements by PM Modi

1. Role of the Indian Diaspora:
PM Modi emphasized that the journey to a developed India would be incomplete without the active involvement of Indians living abroad. He said,
“The journey toward a developed India, or Viksit Bharat, cannot be completed without the active participation of the Indian diaspora.”

2. India-Middle East-Europe Economic Corridor:
PM Modi spoke about the India-Middle East-Europe Economic Corridor, a significant initiative announced during the G-20 Summit last year. He remarked,
“This corridor is going to give a new direction to the world.”

3. Contributions to Global Knowledge and Wellness:
Highlighting India’s traditional medicine and modern institutions, he said:

Ayurveda and Ayush Products: India’s traditional medicine systems contribute significantly to global wellness.
Knowledge Systems: From ancient institutions like Nalanda to modern IITs, India has been strengthening the world’s knowledge system.

Pravasi Bharatiya Divas 2025

PM Modi invited the Indian diaspora to Bhubaneswar for the Pravasi Bharatiya Divas celebration in January 2025. He described it as an opportunity to connect with India’s culture and progress while contributing to the vision of ‘Viksit Bharat.’

Historic Visit to Kuwait

This marked the first visit by an Indian Prime Minister to Kuwait in 43 years. PM Modi was warmly received by Kuwait’s Deputy Prime Minister, Sheikh Fahad Yousef Saud Al-Sabah, and Foreign Minister Abdullah Ali Al-Yahya.

Excitement Among the Indian Diaspora

The Indian community in Kuwait expressed overwhelming excitement ahead of the event, with thousands gathering at the Shaikh Saad Al Abdullah Indoor Sports Complex to hear PM Modi’s address.

With this visit, PM Modi has once again strengthened the bond between India and its diaspora, underscoring their pivotal role in shaping India’s future.

India needs quality human workforce as facilitators of VIKSIT BHARAT

November 16, 2024, 3:43 am

The education is the crucial element of democracy. It empowers people for good and civilised life. It also empowers them for their conscious participation in democracy. Such participation of Indian people in democracy ensure their hissedari in democratic power and dignity. This conscious democratic awareness of public transform them in to an agency which may speed up the process of development of the country. The education also contributes in the process of nation making. The quality education produces quality human resource in the country which may work as an anchor of development. In the history of development of the western world tells us the importance of education in transforming the society.

Since Prime Minister Narendra Modi has visualised and set a goal for Viksit Bharat in 2047, nation needs quality human workforce as facilitators of the mission of Viksit Bharat. To cultivate an innovative, dedicated and quality educated youths and students as human work force of Vikasit and Shresth Bharat, PM Narendra Modi-led BJP government brought New Education Policy-2020. The NEP-2020 is an effort to make Indian education as world class education with innovative and quality content.

For the inclusion of meritorious but economically incapable students under the purview of quality education, the Government is working on various support measures. The policies to provide economic support to the students in many ways-such as provision of free education, scholarships, fellowships and education loans are already successfully working. Recently, the Union cabinet of Government of India led by Prime minister Narendra Modi recently passed a special education loan scheme named-PM Vidya Laxmi Scheme for the inclusion of economically weaker meritorious students in the purview of quality education in India, in this scheme meritorious youths and students who are aspiring for getting education in 860 highly ranked in NRF institutions located in public and private sector will get guarantee free and collateral free loan. This student-friendly loan will be given in simple way, in student-friendly and digitally processed system. In the beginning of it, it may bring around 22 lakhs student in this purview of special loan. It may benefit the students who are aspiring for entering in higher education. This scheme is evolved as support system of NEP-2020 and it is a part of Modi ki guarantee promises made by Bhartiya Janata Party.
For the financial year 2024 to 25 to the amount of 2030 -2031, 36,00 crores have been allotted for this scheme. It is estimated that lacs of new students may be benefitted for this scheme. The economically weaker students will get loan 3 percent lass than other on the loan of 10 lakhs. The students from technical and commercial side will get preference in this special loan system. It is mentionable students from the family which has less than 4.5 lakh annual income are already getting interest free education loan under previous arrangements.

This policy may provide capability to the meritorious student to dream and aspire for getting good quality education. This will open the door of such high-quality institutions to the economically poor youths and students of the country. As we know that the government facilitated loans of less interest rate as social welfare schemes contributed a lot in empowering marginals, Dalits, backwards and disadvantageous communities in big way in post independent era. Many social communities developed their own economic capacity and acquire social -economic mobility by taking help of bank loans in last few decades. In this way government facilitated loans of less interest rates helped in deepening democracy in the country. It also fastens the process of development which provided social-economic mobility to the dis- privileged section of India. During PM Modi regime these support schemes implemented in largest scale. But there is no research study available for their quality impacts on communities, youths and students of India.
Baba Saheb Ambedkar had perceived education as empowering and liberating instrument for marginals and economically weaker section in society. But for that we need to bring weak near education and education near to weak and vulnerable sections. Such government-led schemes may certainly provide the students and youths of socially-economically weaker section a capacity to aspire for taking quality education in best institutions of the country. This capacity to aspire may convert in capacity to acquire by the support of this special loan scheme recently passed by union cabinet of government of India. Hopefully the number and budget of this schemes may extend in coming financial years. The NEP-2020 creates possibilities of multiple inclusion of various economically dis empowered students and youth in the sphere of higher education and for that country needs such social support schemes for its successful implementation.

The government India is not only working on the pedagogic part of NEP-2020 but also trying buildup economic support structure for the wider student community of Indian society.

EAM Jaishankar Launches Website For 18th Pravasi Bharatiya Divas In Odisha

November 12, 2024, 10:58 pm

External Affairs Minister S Jaishankar, along with Odisha Chief Minister Mohan Charan Majhi and Minister of State Kirti Vardhan Singh, officially launched the website for the 18th Pravasi Bharatiya Divas (PBD) in New Delhi.

Invitation to the Diaspora

Jaishankar invited the Indian diaspora to join the event, emphasizing its theme, Viksit Bharat ki Sankalpna Mein Pravasi Bhartiyon Ka Yogdan—highlighting the diaspora’s role in India’s journey toward becoming a developed nation by 2047.

Bhubaneswar: The Host City

The event will be held in Bhubaneswar, the Temple City, from January 8-10, offering attendees a unique blend of cultural heritage and modern insights. Delegates can look forward to exhibitions, thematic sessions, and the prestigious Pravasi Bharatiya Sammaan awards ceremony.

Highlights of the Event

– Youth PBD: Day 1 will focus on young members of the diaspora.
– Inauguration and Plenary Sessions: Day 2 will feature formal inauguration and sessions on topics like sustainable development and women’s empowerment.
– Valedictory Session: President Droupadi Murmu will chair the concluding session on Day 3.

Tech and Tradition on Display

Exhibitions will include the Ramayana and highlight diaspora contributions to technology, showcasing India’s fusion of tradition and modernity.

Streamlined Registration and Information

The newly launched website provides a one-stop solution for event details, registrations, and logistics. It also features tourist and cultural highlights of Odisha to enrich the delegates’ experience.

Gajendra Singh Shekhawat Showcases India’s Tourism At G20 Culture Ministers Conference

November 11, 2024, 2:29 am

Union Minister for Culture and Tourism, Gajendra Singh Shekhawat, represented India at the World Travel Mart (WTM) in London and the G20 Culture Ministers Conference. Shekhawat underlined India’s vast cultural heritage and its role in boosting the nation’s economy through tourism.

Bilateral Discussions to Boost Tourism

Shekhawat engaged in discussions with representatives from countries such as Brazil, Germany, France, and South Africa. He emphasized that India’s diverse culture and geography position it as a top global tourism destination.

Chalo India Initiative Gains Spotlight

At the historic Cutty Sark in London, the Ministry of Tourism, in collaboration with the Indian High Commission, hosted the ‘Chalo India’ cultural evening. This event showcased India’s vibrant heritage and promoted the Ministry’s new tourism campaign.

Sharing glimpses of the event on X, Shekhawat wrote, “Urged our diasporic Bharateeyas in the UK to act as brand ambassadors of #ChaloIndia and invite their non-Indian friends to witness #NewIndia.”

E-Tourist Visa Program Announced

Shekhawat also announced the introduction of one lakh e-tourist visas under the Chalo India referral program, valid until March 31, 2025. He invited global travelers to explore the grandeur of a developing #ViksitBharat.

India’s Vision for Tourism Growth

With initiatives like Chalo India, the government aims to enhance India’s appeal as a travel destination, contributing significantly to the country’s economic growth and international cultural exchange.

EAM Stresses Maha’s Role in ‘Viksit Bharat’ Vision, Highlights India’s Global Leadership in Counter-Terrorism

October 27, 2024, 3:32 pm

As Maharashtra gears up for its assembly elections, External Affairs Minister S. Jaishankar underscored the critical role of a “Viksit Maharashtra” (Developed Maharashtra) in achieving a “Viksit Bharat” (Developed India). Addressing a press conference in Mumbai, Jaishankar emphasized Maharashtra’s longstanding contribution to national growth and expressed confidence in the state’s pivotal role in realizing the Modi government’s developmental vision.

“In the third term of the Modi government, our aim is ‘Viksit Bharat,’ and for that, we also need a ‘Viksit Maharashtra.’ This state has consistently led in contributing to national development,” he said, advocating for the continuation of the “double-engine government” in Maharashtra, which he credited for success across other states.

India Leading the Fight Against Terrorism

Jaishankar also spotlighted India’s leadership in counter-terrorism efforts, referencing Mumbai as a global symbol of resilience. “Mumbai represents India’s strong stance on counter-terrorism. During our UNSC membership, we led the counter-terrorism committee and held a historic security council meeting in a Mumbai hotel that had witnessed a terrorist attack,” he noted, asserting that India has become a global leader in counter-terrorism.

Strengthening National Security and Global Diplomacy

Jaishankar praised the Modi government’s proactive stance on border security, counter-terrorism, and regional stability. Highlighting PM Modi’s diplomatic initiatives, including his involvement in the Russia-Ukraine dialogue, Jaishankar said, “Whether it’s managing border security, counter-terrorism, or regional instability, we are addressing it effectively. In his third term, PM Modi took notable steps, such as his meeting with President Putin during the BRICS summit.”

With Maharashtra’s assembly election slated for November 20 and vote counting on November 23, major political parties, including the BJP, Shiv Sena, and Congress, are preparing for the race. In the previous elections, BJP won 105 seats in 2019 and 122 in 2014.

PM GatiShakti Transforming India’s Infrastructure, Connectivity, and Jobs: PM Modi

October 13, 2024, 1:50 pm

Prime Minister Narendra Modi praised the PM GatiShakti National Master Plan (NMP) on Sunday, highlighting its significant role in transforming India’s infrastructure, enhancing multimodal connectivity, driving job creation, and improving logistics as part of the country’s vision for a “Viksit Bharat” (Developed India). The initiative, launched in October 2021, recently marked its third anniversary.

PM Modi Lauds GatiShakti’s Achievements

In a social media post on X, PM Modi emphasized the GatiShakti plan’s role in speeding up progress, entrepreneurship, and innovation across the country. He said, “PM GatiShakti is transforming India’s infrastructure by boosting multimodal connectivity, driving job creation, and improving logistics for Viksit Bharat.”

He further stated that the National Master Plan has emerged as a transformative initiative, revolutionizing infrastructure by fostering collaboration among various stakeholders, reducing delays, and creating new opportunities for millions of people.

Three Years of Transforming Infrastructure

Celebrating the plan’s three-year milestone, the Ministry of Commerce and Industry released a detailed study on the achievements of the initiative. The ministry highlighted that GatiShakti is also gaining international recognition, with India engaging in diplomatic talks with neighboring countries like Nepal, Bangladesh, Sri Lanka, and even countries in Africa such as Madagascar, Senegal, and Gambia. These efforts are focused on promoting the use of GatiShakti and geospatial technology for integrated infrastructure planning.

Wider Data Access and International Collaboration

The government is exploring ways to grant access to non-government users to utilize non-sensitive and shareable data related to infrastructure planning. This data will be provided securely to support developmental activities across sectors.

In its first three years, PM GatiShakti has successfully integrated 44 central ministries, 36 states and union territories, and mapped over 1,600 data layers, making it a vital tool for the efficient planning and execution of infrastructure projects. Over 200 major infrastructure projects have been evaluated using GatiShakti’s principles, and more than 533 projects have been mapped by states and UTs on the GatiShakti portal.

Aligning with National Logistics Policy

Aligned with the National Logistics Policy (NLP), the GatiShakti Master Plan has been instrumental in addressing infrastructure gaps, reducing logistics costs, and improving India’s overall logistics performance. The initiative continues to foster synergy across ministries, states, and UTs, streamlining capital investments and accelerating infrastructure development across the nation.

PM Modi Unveils Vision of ‘Pushp’ For A Developed India

September 22, 2024, 11:14 pm

In a recent speech in New York, Prime Minister Modi introduced the word ‘Pushp’, meaning flower, as a symbol for his vision of a developed India. He creatively defined each letter of ‘Pushp’ to highlight the values that will guide India towards progress.

Breakdown of ‘Pushp’

#WATCH | In New York, PM Modi says, “You may remember this word ‘Pushp’ which means flower, I define it as ‘P’ for progressive Bharat, ‘U’ for unstoppable Bharat, ‘S’ for spiritual Bharat, ‘H’ for humanity first which India has dedicated itself to and ‘P’ for prosperous… pic.twitter.com/2YWEFG4mpv

— ANI (@ANI) September 22, 2024

–P for Progressive Bharat: A commitment to forward-thinking policies and innovations that drive development.

– U for Unstoppable Bharat: Emphasizing India’s resilience and determination to overcome challenges.

– S for Spiritual Bharat: Highlighting the importance of spirituality in shaping the nation’s values and culture.

– H for Humanity First: India’s dedication to prioritizing human welfare and compassion in its policies.

– P for Prosperous India: A vision for economic growth that benefits all citizens.

The Path to ‘Viksit Bharat’

PM Modi stated that these five elements, represented as the petals of a flower, will contribute to the vision of a ‘Viksit Bharat’, or a developed India. His speech resonated with the audience, reflecting India’s aspirations on the global stage.

PM Modi Flags Off 3 Vande Bharat Trains, Calls It a Milestone in Nation’s Progress Towards ‘Viksit Bharat’

August 31, 2024, 2:52 pm

Prime Minister Narendra Modi inaugurated three new Vande Bharat Express trains via video conference on Saturday, marking a significant step in India’s journey toward becoming a developed nation with advanced infrastructure. The newly launched trains will operate on the Meerut-Lucknow, Madurai-Bengaluru, and Chennai-Nagercoil routes.

During the inauguration, PM Modi emphasized that the expansion of Vande Bharat trains symbolizes India’s progress towards “Viksit Bharat” with modernity and speed. He highlighted the importance of connecting key regions, including religious sites, through these high-speed trains, stating that the Madurai-Bengaluru Vande Bharat will be particularly beneficial for pilgrims, while the Chennai-Nagercoil route will serve students, farmers, and IT professionals.

The Prime Minister underscored the crucial role of Southern India’s development in achieving the national goal of a developed India. He pointed out that the government has prioritized the development of Tamil Nadu, Karnataka, and other southern states, with substantial budget allocations for railway infrastructure. For instance, Tamil Nadu received over Rs 6,000 crores in the current railway budget, which is seven times more than the 2014 allocation, while Karnataka received over Rs 7,000 crores, a ninefold increase from 2014.

PM Modi noted that the new Vande Bharat trains would save significant travel time on their respective routes, enhancing connectivity and convenience for passengers in Uttar Pradesh, Tamil Nadu, and Karnataka. These trains represent a step forward in providing world-class travel facilities to the people of these regions, contributing to increased tourism, business growth, and employment opportunities.

Budget for an Empowered and Developed India

August 16, 2024, 2:16 am

India, now the world’s most populous nation with over 1.4 billion people, boasts a significant working-age demographic, with about 65 percent of its population between 15 and 64 years. Recognizing this demographic dividend, the Modi government has consistently focused on youth empowerment through initiatives like the Skill India Mission, StartUp India and targeted provisions in the Union Budgets. The Union Budget 2024 explicitly emphasizes on job creation and youth empowerment, crucial for propelling India’s economic growth. Key initiatives include the Production Linked Incentives (PLI) scheme to boost manufacturing and job creation, along with Industry-linked Incentives and the Employment Linked Incentives. Schemes like Pradhan Mantri Kaushal Vikas Yojana, Startup India, Make in India, and Atma-nirbhar Bharat aim to equip youth with skills and opportunities for entrepreneurship. Investments in infrastructure, digital advancements, and education reforms further align with market needs, preparing young Indians for a competitive global economy. The Union Budget 2024 delineates a roadmap to harness India’s demographic dividend, aiming to transform the country’s youthful energy into a powerful driver of economic prosperity and realizing Prime Minister Narendra Modi’s vision of a Viksit Bharat—an empowered and developed India.

The focus of the Union Budget 2024 was to empower youth by job creation, hence, emphasis was laid on creating 8 million jobs annually until 2036. It introduced three ‘Employment Linked Incentive’ schemes: Scheme A -First-time Employment-providing a salary benefit for new EPFO-enrolled employees; Scheme B – Job Creation in Manufacturing-offering EPFO-based incentives to manufacturing employers; and Scheme C – Support to Employers- reimbursing EPFO contributions for workforce expansion. With a total outlay of Rs. 107,000 crores, these schemes highlight the government’s focus on employment generation. The Production Linked Incentive (PLI) Scheme, pivotal in boosting manufacturing and reducing imports, is further strengthened, anticipating over 7 lakh new jobs and fostering innovation and productivity across more sectors. The PLI scheme also supports the MSME sector and women entrepreneurs, contributing to inclusive and equitable growth. These initiatives collectively support PM Modi’s vision which aims to create a dynamic workforce, enhance manufacturing, and boost India’s economic prosperity.

Apart from Incentive linked job creation, the Budget emphasized on skilling and workforce development, which will eventually aid the youth to be self-employed. It introduced a scheme to train 2 million youth over five years and upgrade 1,000 Industrial Training Institutes (ITIs) through a hub-and-spoke model. This initiative, in partnership with state governments and industry, aims to align training with industry needs and emerging technologies like AI and IoT. By enhancing ITI infrastructure and curricula, and focusing on high-demand skills, the Budget focused on fostering innovation and entrepreneurship among youth. This modernization aims to address the evolving job market needs by equipping students with practical skills and knowledge relevant to emerging technologies. By fostering collaboration between industry and educational institutions, supporting research, and encouraging private sector investment, the initiative seeks to bridge the gap between education and employment, enhance job creation, and contribute to economic growth.

Not only this, but also the Budget addressed the need to enhance apprenticeships by introducing an initiative to offer internships to 10 million youth across 500 top companies. These year-long internships will provide hands-on experience, industry-relevant skills, and professional development, with interns receiving a monthly stipend of Rs 5,000 and a one-time aid of Rs 6,000. Companies will contribute through their CSR Budgets, aligning with Section 135 of the Companies Act 2013. The aim of this program is to bridge the skills gap, improve employability, and foster a culture of experiential learning, ensuring young people gain valuable experience and skills that meet industry needs. By integrating CSR funds and involving diverse sectors, the initiative supports the transition from education to employment and contributes to the vision of Viksit Bharat by creating a skilled, adaptable workforce for future economic growth.

Education has always been a prime focus of the Modi Government and therefore the Union Budget introduced the Model Skill Loan Scheme which aligns with the vision of Viksit Bharat. The Scheme offers loans up to Rs 10 lakh for higher education with government-backed guarantees and interest subvention of 3% through e-vouchers. This initiative aims to make higher education more accessible and affordable by reducing financial barriers and providing substantial support to 100,000 students annually. By enabling access to quality education across various fields, the scheme addresses educational inequality and fosters a skilled, versatile workforce. The Union Budget 2024-25 underscores the pivotal role of research and innovation by increasing support for private sector-led initiatives. The Budget allocates substantial funding for research across various fields, establishes new research centers and incubators, and introduces incentives such as tax breaks and grants for companies investing in R&D. These measures aim to foster a culture of innovation, support high-impact research, and encourage private sector participation. The Budget also introduces a dedicated venture capital fund for the space economy, recognizing the potential of space research to drive economic and technological progress. By fostering a culture of discovery and equipping the youth with essential resources, the government aims to position India as a global leader in science and technology, empowering the next generation to lead the country’s future advancements. By creating an environment conducive to breakthroughs and scaling startups, the Budget seeks to enhance India’s global competitiveness and drive economic growth, aligning with the broader vision of making India a leader in technological and economic advancements.

In alignment with its Viksit Bharat vision, India is enhancing international collaboration through the Union Budget 2024-25 by forming partnerships with top global universities and research institutions, initiating joint research projects, and establishing exchange programs for students and faculty. A key proposal is the creation of a Higher Education Commission to oversee and elevate these international collaborations, ensuring that Indian institutions meet and exceed global standards. This focus on global engagement is expected to boost education quality, provide valuable international experience, and expand professional networks for Indian students and researchers. These initiatives are designed to prepare young Indians for a competitive global job market, ultimately strengthening India’s international position and driving innovation and economic growth.

In response to the need for continuous adaptation and skill development, the Union Budget 2024-25 introduces several initiatives to promote lifelong learning. These include funding for adult education programs, online learning platforms, and new skill development opportunities. The Budget supports flexible learning pathways, such as micro-credentials and short-term courses that can be combined into larger qualifications, and recognizes informal and non-formal learning. By investing in lifelong education, the government aims to ensure that all citizens, including the youth, are prepared for future challenges and can contribute to and benefit from India’s progress. This will not only provide job opportunities to the youth in the country but also help them to sustain in their jobs for a longer period of time as well as gain increments and job promotions.

The Budget 2024-25 seemed as a starting point of PM Modi’s vision for 2047 as it dealt with the problem of the youth- the torchbearers of tomorrow’s India. With a strong emphasis on job creation, skill development, and entrepreneurship, the Budget sets a solid foundation for future prosperity through initiatives like the Production Linked Incentive scheme, Pradhan Mantri Kaushal Vikas Yojana, Startup India, and Atma -nirbhar Bharat. By investing in infrastructure, digitization, and vocational training, and focusing on aligning educational outcomes with industry needs, the Budget aims to prepare the youth for an evolving job market and foster innovation. This comprehensive approach positions India to become a global economic powerhouse, ensuring long-term national growth and development.

The author is National Office in Charge, Bharatiya Janata Yuva Morcha

PM Modi’s 15 August Address Focuses on Vision for ‘Viksit Bharat@2048′

August 15, 2024, 3:51 pm

Prime Minister Narendra Modi marked his 11th Independence Day address from the Red Fort on Tuesday, becoming the third Prime Minister after Jawaharlal Nehru and Indira Gandhi to achieve this milestone. The theme for this year’s celebration, Viksit Bharat @ 2047, underscores the government’s vision of transforming India into a developed nation by 2047.

Following his address, PM Modi engaged with the audience, greeting children, shaking hands, and waving to the cheering crowd as slogans like “Bharat Mata Ki Jai” resonated.

In his speech, the Prime Minister emphasized India’s strides towards self-reliance, particularly in manufacturing. He pointed out that India, which once imported mobile phones in large quantities, has now built a robust ecosystem and is exporting mobile phones globally.

“There was a time when we imported mobile phones, but today we have developed a mobile phone manufacturing ecosystem, and now we are exporting them to the world,” PM Modi remarked.

The Prime Minister also drew attention to the significant role of women’s self-help groups, noting that around 10 crore women are now contributing across various sectors. “When women become financially independent, society changes,” he said.

Addressing the increasing frequency of natural disasters, PM Modi expressed his condolences to those affected. “This year and in recent years, natural calamities have raised our concerns. Many have faced devastating losses, including the loss of loved ones and significant property damage. I want to express my deepest sympathies to those affected and assure them that the nation stands by their side,” he stated.

The Prime Minister paid tribute to those who sacrificed their lives for India’s independence, acknowledging the collective efforts of farmers, soldiers, youth, and marginalized communities in shaping the nation.

“This is a day to salute those who fought and sacrificed for our freedom. We bow in reverence to every brave heart. Today, we also recognize the contributions of our farmers, soldiers, and youth who have taken our country to new heights,” he said.

Looking ahead, PM Modi urged the nation to unite with the goal of making India a developed country by 2047. He recalled the determination of 40 crore Indians who fought against colonial rule, stating that 140 crore Indians today can achieve similar feats with the right resolve.

“If 40 crore Indians could break the shackles of colonial rule, then 140 crore Indians can certainly build a Viksit Bharat by 2047. We must now live for the nation, embrace the spirit of self-reliance, and work toward making a strong India,” he concluded.

PM Narendra Modi hoists Tiranga at Red Fort on 78th Independence Day

August 15, 2024, 8:12 am

Prime Minister Narendra Modi hoisted the national flag at the Red Fort in New Delhi on Thursday, marking his 11th consecutive Independence Day ceremony. The 78th Independence Day celebrations began under overcast skies with a slight drizzle. After raising the Tricolour, the Prime Minister received a ‘Rashtriya Salute’ as the Punjab Regiment Military band, led by Subedar Major Rajinder Singh, played the National Anthem.

Earlier in the day, PM Modi greeted the nation on social media, posting on X, “Independence Day greetings to my fellow Indians. Jai Hind!” Upon his arrival at the Red Fort, he was welcomed by Union Defence Minister Rajnath Singh, MoS Defence Sanjay Seth, and Defence Secretary Giridhar Aramane. The Defence Secretary then introduced the General Officer Commanding (GoC) of the Delhi Area, Lieutenant General Bhavnish Kumar, who escorted the Prime Minister to the Saluting Base. There, a combined Inter-Services and Delhi Police Guard presented a general salute, followed by the Prime Minister’s inspection of the Guard of Honour.

This year’s Guard of Honour was coordinated by the Indian Navy and commanded by Commander Arun Kumar Mehta. It comprised one officer and 24 personnel each from the Army, Navy, Air Force, and Delhi Police. The Army contingent was led by Major Arjun Singh, the Navy by Lieutenant Commander Gulia Bhavesh NK, the Air Force by Squadron Leader Akshara Uniyal, and the Delhi Police by Additional DCP Anurag Dwivedi.

After the flag hoisting, two Advanced Light Helicopters Dhruv from the Indian Air Force showered flower petals over the venue, flown by Wing Commanders Amber Agarwal and Rahul Nainwal.

In line with the theme ‘Viksit Bharat @ 2047,’ this year’s celebrations emphasized the government’s vision of transforming India into a developed nation by 2047. Around 6,000 special guests, representing various sectors, were invited to witness the event, enhancing public participation in the festivities.

PM Modi Urges Industry to Partner with Government in Boosting Jobs and Investments

July 30, 2024, 2:17 pm

In a recent address to Indian industry leaders, Prime Minister Narendra Modi highlighted his government’s achievements over the past decade. He noted that India is now the fastest-growing major economy globally and emphasized that the national budget has grown from Rs 16 lakh crore in 2013-14 to Rs 48 lakh crore under his administration.

Reflecting on past progress, Modi pointed out that when the UPA government took office in 2004, its initial budget had a capital expenditure of Rs 90,000 crore. By the end of their term in 2014, this figure had only doubled to Rs 2 lakh crore. In contrast, during the current administration, capital expenditure has surged to over Rs 11 lakh crore, a more than fivefold increase compared to the previous decade.

Modi also highlighted significant increases in budget allocations across various sectors. The railway budget has grown eightfold, the highway budget has also increased eightfold, the agriculture budget has more than quadrupled, and the defence budget has more than doubled.

For the MSME sector, Modi noted improvements in tax regulations: MSMEs earning up to Rs 3 crore now benefit from presumptive taxation, compared to the Rs 1 crore threshold in 2014. Additionally, the tax rate for MSMEs earning up to Rs 50 crore has been reduced from 30% to 22%. Corporate taxes have also been lowered from 30% to 25% for companies with incomes up to Rs 400 crore.

Modi emphasized the government’s focus on “speed and scale,” citing India’s unique position of high growth coupled with low inflation. He attributed this success to the government’s focus on skill development, employment creation, and resilience against challenges such as pandemics and geopolitical tensions.

The Prime Minister reiterated his commitment to the goals of a developed India, emphasizing the country’s progress towards becoming a Viksit Bharat (Developed India) by 2047. He urged the industry to match the government’s efforts in job creation and investment, reinforcing the motto of a Viksit Bharat.

The conference, titled “Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference,” was attended by over 1,000 participants, including industry leaders, government officials, diplomats, and think tanks, both in person and virtually. Earlier, in his post-budget message, Modi had described the budget as a step towards inclusive growth, benefiting all segments of society and contributing to a developed India.

Budget 2024: How Does It Shape The Road Map For Viksit Bharat?

July 24, 2024, 2:15 pm

The recently unveiled Budget 2024-2025, presented by Finance Minister Nirmala Sitharaman, offers a detailed and comprehensive blueprint for achieving Viksit Bharat, or a developed India. Embracing a broad vision, the budget outlines nine priority areas, echoing the focus of FICCI’s own priorities, which include manufacturing, farm-led growth, women-led development, and sustainability. These areas are crucial as the nation aims for further progress and growth.

This year’s budget introduces a forward-looking economic policy framework aimed at next-generation reforms. These reforms are designed to enhance the productivity of essential factors such as land, labor, capital, entrepreneurship, and technology, thereby making markets and sectors more efficient. As global productivity growth shows signs of slowing, these reforms are critical for sustaining India’s economic expansion over the next 25 years.

Infrastructure investment has been a major focus in recent years, with spending nearly doubling over the last six to seven years. Significant progress has been made in developing roads, highways, ports, electricity, and more. This infrastructure push has had a considerable positive impact on the economy, and the government’s commitment to maintaining robust fiscal support for infrastructure is expected to continue. This year’s budget includes a record-high allocation of ₹11.11 trillion for capital expenditure, representing 3.4% of GDP.

The budget also emphasizes manufacturing, MSMEs (Micro, Small, and Medium Enterprises), and employment. Key incentives include support for employment, strengthened backing for MSMEs, and measures to reduce the cost of doing business. These initiatives are essential as India strives to become a Viksit Bharat.

Manufacturing is highlighted as a critical sector for India’s development. The sector, now valued at $467 billion and ranking fifth globally, has significant room for growth compared to leading economies like Japan, Germany, and China. With only 11.4% of the workforce currently in manufacturing, there is a pressing need to expand this sector to provide stable, high-quality jobs and absorb the growing labor force.

The Economic Survey 2024 noted that while manufacturing job creation has been subdued, recent budget measures are expected to boost employment. The Prime Minister’s Package for Employment and Skilling, which includes incentives for first-time job seekers and support for employers, aims to address this need. Additionally, the budget includes provisions for MSMEs such as a credit guarantee scheme, support during stress periods, and the development of “plug and play” industrial parks in up to 100 cities.

Investors will find reassurance in the government’s commitment to reducing the fiscal deficit to below 4.5% by next year, down from the current 4.9%. This demonstrates a strong commitment to ongoing reforms and a resilient economic growth trajectory.

Anant Goenka, vice-president of FICCI and vice-chairman of RPG Enterprises, commends the budget for its strategic focus and comprehensive measures aimed at fostering sustainable development and economic stability.

Budget of Aspirations, Growth and Viksit Bharat

July 16, 2024, 5:44 am

India is the fastest growing economy in the world. The favourable economic policies and long-term thinking of the government are responsible for it. A roadmap is being prepared on how the country can join the group of developed countries by 2047. In a few years, India will become the third largest economy in the world, leaving behind Japan and Germany. It is estimated that India can become an economy of 5 trillion dollars by the year 2026 and 10 trillion dollars by 2030.

On July 23, Finance Minister Nirmala Sitharaman will present the first budget of Modi Government 3.0. Youth, farmers, businessmen, industrialists, middle class are waiting with hope for the budget. The government will try its best to fulfill the hopes and aspirations of everyone through the budget. However, it is extremely challenging to simultaneously spend lakhs of crores of rupees on economic development, welfare schemes and subsidies.

There are assembly elections in states like Maharashtra and Haryana this year, so the budget will be development oriented as well as populist. I am aure that the budget of 23 July will be more than 50 lakh crores. The government’s goal will be to maintain GDP growth at 8-9%. The budget will focus on rural economy, women and farmers. The budget will give importance to development so that goal to achieve 5 trillion dollar economy as soon as possible.

Special provisions will be made in the upcoming budget to take international trade to 1 trillion dollars. The outline of Developed India @ 2047 will be prepared. Increase in MNREGA is possible. Increase in Kisan Samman Nidhi and Atal Pension can be announced. The fiscal deficit target will be around 5.2%.

The limit of income tax exemption for the can be increased to 5 lakhs. The government can announce new tax slabs, especially those whose income is up to 25 lakhs per annum. Standard deduction can be increased from 50000 to 1 lakh.

New populist announcements are possible for villagers and women. We can see further increase in capital expenditure, special focus on service sector, efforts to bring inflation rate below 4% in this budget.

For inclusive and holistic development, the government will have to be extremely sensitive towards the poor, at the same time the government will have the responsibility to accelerate the pace of economic development. For the last three years, the GDP growth rate has been between 7 to 8.5%, which is a record in itself. The GDP growth rate in the financial year 2023-24 was 8.2 percent.

The development of the country is linked with the development of 140 crore people. At this time, an inclusive, balanced and development-oriented budget is the imperative of the country. On the one hand, while it is necessary to increase the income of the country, on the other hand, it is imperative to curb expenses. Nirmala Sitharaman’s work as Finance Minister in Modi Government 2.0 was better and commendable. It is expected that Nirmala Sitharaman’s work as Finance Minister will be excellent in Modi Government 3.0 as well.

The interim budget for 2024-25 was Rs 47.66 lakh crore. The total income for the coming year was estimated to be Rs 31 lakh crore and the total expenditure Rs 48 lakh crore, of which tax revenue was estimated to be around Rs 26 lakh crore. The full budget will be presented on July 23, which may be more than Rs 50 lakh crore. The budget should meet the hopes and aspirations of the poor as well as boost the pace of economic development.

Budget 2024: Morgan Stanley Projects 5.1% Fiscal Deficit For FY25, Emphasizes ‘Viksit Bharat’ Vision By 2047

July 11, 2024, 7:16 pm

The upcoming Union Budget 2024 is anticipated to strike a balance between fiscal prudence and the government’s long-term vision of a ‘Viksit Bharat’ (Developed India) by 2047, according to analysts from Morgan Stanley.

Finance Minister Nirmala Sitharaman is set to present the full Budget for the fiscal year 2024-25 on July 23. This will be the first major policy document of the new Modi 3.0 government.

Focus on Fiscal Prudence and Infrastructure

Morgan Stanley’s research note highlights that the overall fiscal policy will be guided by fiscal prudence, with a strong emphasis on capital expenditure (capex) over revenue expenditure. The budget is expected to prioritize targeted social sector spending aimed at enhancing access to physical, social, and digital infrastructure. The road-map for achieving ‘Viksit Bharat’ by 2047 is expected to be a central theme.

The brokerage firm predicts that the government will maintain its fiscal deficit target at 5.1% of GDP for FY25, consistent with the interim budget. The aim is to stay on track to reduce the deficit to 4.5% of GDP by FY26. For FY24, the fiscal deficit stood at 5.6% of GDP.

Enhanced Fiscal Headroom

Morgan Stanley notes that the fiscal headroom has improved due to a larger-than-expected surplus transfer from the Reserve Bank of India (RBI). This is expected to sustain momentum in capex expenditure and increase targeted welfare spending. There is a possibility of a slightly lower fiscal deficit target, potentially below 5.1% of GDP, supported by robust tax and non-tax revenues. The budget may also outline a medium-term plan for fiscal consolidation beyond FY26.

Key Themes And Stock Market Impact

The central government’s fiscal deficit target is likely to remain at 5.1% of GDP for FY25, aligning with the interim budget. Key themes expected in the budget include fiscal prudence, job-creating capex spending, and targeted social sector investments.

Morgan Stanley also highlighted the declining impact of the Union Budget on the Indian stock market over time. However, the actual market performance often hinges on pre-budget expectations. The current market sentiment appears positive, but history suggests there could be volatility and corrections post-budget.

As the Union Budget 2024 approaches, all eyes are on Finance Minister Nirmala Sitharaman to deliver a balanced budget that adheres to fiscal discipline while laying down a clear path toward the ambitious goal of a ‘Viksit Bharat’ by 2047. The focus on infrastructure, social sector spending, and fiscal consolidation will be crucial in shaping India’s economic landscape in the coming years.

Viksit Bharat 2047: PM Modi Commits To Vision For India’s Development

July 2, 2024, 5:01 pm

Prime Minister Narendra Modi reaffirmed the government’s commitment to the ‘Viksit Bharat 2047’ vision during his address in the Lok Sabha. The initiative, aimed at transforming India into a fully developed nation by 2047, marks 100 years since independence. Modi emphasized the core objective of fostering inclusive economic participation across all segments of society as central to this vision.

“We have taken the resolution of Viksit Bharat, and we will make efforts to fulfil that resolution,” PM Modi stated, underscoring the government’s dedication and integrity in achieving this ambitious goal. He pledged to devote every moment of his government’s time to realizing the objectives outlined in the Vision roadmap.

The initiative includes a robust plan to propel India to become the world’s third-largest economy within the next five years, contingent upon the continuation of the NDA government’s leadership.

Modi’s remarks in the Lok Sabha underscored the government’s proactive approach towards national development, aiming to ensure comprehensive growth and prosperity for all citizens under the ambitious ‘Viksit Bharat 2047’ vision.

PM Modi At Poll Rally: “Strong Govt Needs To Be Formed At Centre”

May 21, 2024, 2:12 pm

On Tuesday, Prime Minister Narendra Modi emphasized the necessity of creating a developed Bihar and a developed India. He highlighted the importance of establishing a robust government at the center to ensure a bright future for everyone.

Addressing a public meeting in Bihar’s Maharajganj, PM Modi stated “For your bright future, a strong government needs to be formed at the centre. As June 4 is nearing the abuses of the INDI alliance for Modi are increasing…”

“..They (INDIA alliance) cannot tolerate that the people of the country are going to re-elect Modi for the next 5 years…,” PM Modi said, adding, “For your future & the future of your children Viksit Bihar (Developed Bihar) and Viksit Bharat (Developed India] has to be made,” the PM added.

PM Modi accused the INDIA bloc of being an alliance of parties tainted by corruption and nepotism.

“The platform of INDI Alliance is not a political platform, it seems like a conference of scamsters of lakhs and crores. Scamsters of about 20 lakh crore rupees sit together on their platform. When they come together, three evils are clearly visible in them- They are extremely communal. They are extremely casteist and they are staunch nepotists.”

PM Modi remarked that the INDIA bloc showed no respect for Bihar’s dignity “The dignity of Bihar and the respect of Biharis do not matter to the INDI alliance. When the DMK people abused Bihar, when the Congress leader from Telangana abused Bihar, even then Congress’s family kept its lips shut.”

PM Modi conducted his second poll rally within an hour today. Prior to this, he spoke at a public gathering in East Champaran.

“Modi is a thorn in the eyes of these people 24 hours a day, but despite their best efforts, I will remain steadfast in your service,” PM Modi said, targeting Congress and its allies in the state.

“I do not have any inheritance of my own, you are my inheritance and you are also my heir,” PM Modi said in his address.

Voting for the next round is scheduled for May 25, as part of the seven-phase Lok Sabha elections spanning from April 19 to June 1. The counting of votes is set for June 4.

EAM S Jaishankar: The Image Of India Is Friendly But Fair

May 7, 2024, 4:02 pm

In a recent address, External Affairs Minister (EAM) S Jaishankar highlighted India’s evolving approach to challenges like terrorism and border disputes, emphasizing the nation’s stance as principled yet robust. He stated, “The image of India is friendly but fair… If you look at a challenge like terrorism, the world recognises that today’s India deals with terrorism very differently from how it used to.” Jaishankar drew comparisons between past security threats, such as the Mumbai attacks, and recent incidents like Uri and Balakot, noting India’s firm and fair response.

Addressing India’s technological advancements, Jaishankar praised the country’s rapid digital transformation, pointing out India’s dominance in cashless transactions compared to global counterparts. He highlighted the benefits of digitalization, stating, “Digital has cut down corruption because everything is digitally recorded… With transparency, honesty also comes.”

Looking ahead, Jaishankar envisioned India as a formidable economic force, aiming to surpass the 5 trillion-dollar mark and become the world’s third-largest economy. He declared, “By the time we reach Amrit Kal, we are confident of minimum being a 30 trillion economy,” outlining ambitious growth targets.

Jaishankar urged the audience to take the Viksit Bharat initiative seriously, emphasizing its pragmatic implications. He encouraged the youth to actively engage in shaping India’s development trajectory, stating, “That sense that how do we achieve, how do we prepare for this journey of 25 years? That is really what all of you should focus on,” inspiring the next generation to embrace the challenges and opportunities ahead.

“Viksit Bharat” is more than just a slogan: EAM Jaishankar

May 7, 2024, 1:41 pm

External Affairs Minister S Jaishankar emphasized on Tuesday that “Viksit Bharat” is more than just a slogan; it signifies a serious commitment to India’s future. Speaking at a lecture at Hansraj College, New Delhi, Jaishankar urged the audience to recognize the significance of “Viksit Bharat,” stating, “Please don’t think it’s a slogan. It is something very serious that we are talking about.”

Looking ahead, Jaishankar focused on the future and discussed the next 25 years as India’s “Amrit Kaal,” or pivotal period. Expressing optimism, he remarked, “I can feel today that we are at the point of something very big. The world is also watching us. I see these 25 years as a period of new opportunities, new technologies, and new challenges.”

Discussing the transformative potential of technology, Jaishankar highlighted the impact of artificial intelligence and emerging technologies such as self-driven cars and drones. He emphasized India’s ambition, stating, “Indians don’t like to be number 2. But we would be the second largest economy in the world.”

Reflecting on India’s response to the COVID-19 pandemic, Jaishankar recalled how India, despite initial doubts, emerged as a leader in vaccine supply to numerous countries. He also noted India’s digital progress, citing the country’s high volume of digital transactions.

Jaishankar highlighted India’s progress in various sectors, including poverty reduction, infrastructure development, and initiatives like Make in India. He also touched upon diplomatic achievements, such as India’s proactive role during the Ukraine crisis and the inclusion of the African Union in the G20.

In conclusion, Jaishankar stressed the importance of cultural pride and India’s unique position in the changing global landscape.

‘Congress Couldn’t even provide farmers water to irrigate fields in 60 years’ says PM Modi

April 30, 2024, 3:23 pm

In a scathing attack on the Congress regarding its governance track record at the Centre, Prime Minister Narendra Modi asserted on Tuesday that despite holding power for 60 years, the party failed to provide farmers with the basic necessity of water for irrigation, while other nations surged ahead in progress and prosperity.

Speaking at a massive public gathering in Madha within the Solapur Lok Sabha constituency of Maharashtra, PM Modi targeted the Congress, stating, “Despite being entrusted with governing the country for six decades, the Congress could not ensure the advancement of various sectors. They couldn’t even fulfill the fundamental need of water for irrigation to our farmers. When I assumed office in 2014, numerous irrigation projects, including 26 in Maharashtra, were stalled due to bureaucratic hurdles. Just think about how deeply Maharashtra was let down by the Congress.”

Taking a dig at NCP (SCP) chief Sharad Pawar for his tenure as Union Agriculture Minister during the Congress-led UPA government (2004-2014), PM Modi highlighted the increase in Fair and Remunerative Price (FRP) for sugarcane during his own administration.

“When a remote-controlled government (referring to the Congress-led UPA government under Manmohan Singh) held power a decade ago, a prominent leader from Maharashtra (Sharad Pawar) served as the Agriculture Minister. During that era, the FRP for sugarcane was around Rs 200 per quintal, and now, under Modi’s leadership, it has risen to Rs 350 per quintal,” he remarked.

In February, the central cabinet approved the ‘Fair and Remunerative Price’ (FRP) for sugarcane for the 2024-25 season, setting it at Rs 340/quintal, with sugar mills mandated to pay this to sugarcane growers based on a recovery rate of 10.25 per cent.

PM Modi accused previous Congress governments in Maharashtra of embezzling funds allocated by the Centre for the state’s farmers. “In previous years, funds allocated by the central government for farmers were misappropriated by the Congress. But now, your son is in Delhi. We will ensure that every rupee from Delhi goes directly to your account,” he pledged.

Highlighting the vital role women play in building a ‘Viksit Bharat’ (developed India), PM Modi emphasized, “My government has worked tirelessly to empower women. Thousands have joined Self Help Groups in the last decade, contributing significantly to rural development. We have created 1 crore Lakhpati Didis (wealthy sisters), and soon there will be 3 crore. This is my promise!”

Polling for 11 seats in Maharashtra is scheduled for the third phase on May 7, with voting for 13 seats already conducted in the first and second phases out of the total 48 seats in the state.

PM Modi Unveils Visionary ‘2047 Viksit Bharat’ Project, Promises Big Transformation for India

April 15, 2024, 6:29 pm

Prime Minister Narendra Modi reveals plans for 2047 Viksit Bharat project, says he has big plans for the country.

In an interview with ANI, Prime Minister Modi questioned the reason why the opposition was sowing doubts about the BJP’s intentions to amend the constitution in the event that it wins the Lok Sabha elections.

“When I say that I have big plans, no one should be scared. I don’t take decisions to scare or run-over anyone, I take decisions for the wholesome development of the nation. Additionally, governments always say we have done everything, I don’t believe I have done everything. I have tried to do everything in the right direction, yet there is so much I need to do, because I see that my country has so many needs. How do I fulfill the dreams of every family, that is why I say this is a trailer,” the PM said.

He also added “The second thing is the question of 2047 vision. First of all, I have been the Chief Minister of Gujarat for a long time. And I am used to the experience. If elections are held again and again then from my state, 30-40 senior good officers used to go as observers, for election duty. So they used to stay out for 40-50 days. I used to worry how will I run the government? Because in the country, such elections keep happening and my observers keep going. Then I thought if I have an election, I will not take that period as a vacation. I give jobs to the officials in advance. I ask them to do this for the next government. So I used to plan for 100 days even at that time.”

The Prime Minister stated that the ambitious 2047 Viksit Bharat project has been under development over the past two years. He has even set a goal for the first 100 days of his second term, if elected to the office.

“I have been working on 2047 for the past two years. And for that, I asked for opinions and suggestions from people across the country. I have taken suggestions of more than 15 lakh people on how they want to see India in the coming 25 years. I contacted universities, I contacted different NGOs and 15-20 lakh people gave their inputs. Then I took the help of AI and classified it subject-wise. I made a dedicated team of officers in every department to work on this. How can it be done for the next term? For 25 years. And then I sat with them and they gave presentations for two to 2.5 hours,” the PM said.

Further he added, “In 2047 we will be celebrating 100 years of the independence of the country. Naturally during such a milestone it somehow brings new excitement, creates a new resolution….Every institution, everyone should have a goal. I am the head of my village, by 2047, I will do this much in my village. And an inspiration should arise in the country. And the 100th anniversary of independence is a great inspiration in itself,”

As stated by Prime Minister Modi, voters in the current Lok Sabha elections are choosing between the Congress model, which has proven to be unsuccessful, and the BJP model, which has proven its effectiveness.

“If we look at the 2024 elections, there is an opportunity before the country -there is a model of the Congress government and the BJP government. They `have worked for 5-6 decades and I have only worked for 10 years. Compare these in any field. Even if there are some shortcomings, there will be no shortcomings in our efforts,” the PM declared.

He continued, “Secondly, in 10 years, at least two years, we lost to the battle of Covid. And there were many after effects too. Even then, today, if we compare the country in terms of speed, and scale. If we talk about all-encompassing development, on every parameter, you can see a model that yes, we will walk on this path with so much speed.”

Furthermore, the prime minister promised to quicken and broaden the nation’s development in order to achieve 2047 Viksit Bharat project.

“In the next term, I have to increase the speed as well as the scale. That is my goal. Secondly, you will see that when the people of the country entrust the responsibility of running the country, then we should have a single-minded focus on the country, the people of the country,” the PM said.

“Unfortunately, the political culture of the past was on how to make the family strong, how to not let anyone take away the roots of the family. Whereas, I am working with the aim of making the country strong. And when the country is strong, everyone experiences its benefits. Where something is happening, we are working hard, we are doing it with honesty, these things have an impact. So 2024, this election, we have taken our track record and they have brought their track record,” the PM added.

The Prime Minister went on to reiterate that even in 2019, his government had accomplished a number of notable goals in its first 100 days in office, and he intended to repeat that commitment.

“Because I don’t want to lose even a minute. Now you must remember, in 2019, very few people pay attention. At that time too, I gave 100 days’ work and went to the election field. And when I came back, Article 370, I did it in 100 days. With repealing of Triple Talaq, I made my sisters free. I did it in the first 100 days. I plan ahead and put it on the basis.”

“Trust is a very big power. And in a country like India, I consider this trust as my responsibility. And that is why I say this again and again,” the PM added.

The PM highlighted the significance of trust, and saw it as a personal duty. He emphasized the importance of this idea by expressing it several times.

PM Modi: India Elevates Millets to ‘Superfood’ Status

April 11, 2024, 7:04 pm

Highlighting the government’s commitment to promoting millets, Prime Minister Narendra Modi underscored that whereas millets were once overlooked, India has now demonstrated their significance as a ‘superfood’ with growing international appeal.

He further expressed that the forthcoming Lok Sabha elections are not merely about electing a MP but also about rejuvenating the ‘Viksit Bharat’ campaign with renewed vigor.

Addressing a public meeting in Rajasthan’s Karauli, PM Modi said, “The result of June 4 is clearly visible here in Karauli. It is saying ‘4 June 400 paar’ and the whole Rajasthan is saying ‘Phir ek baar Modi Sarkar’.”

“The Lok Sabha election of 2024 is not just limited to choosing the MP. It is an election to provide new energy to the Vikshit Bharat campaign,” he added.

Underscoring Rajasthan’s significant contribution as a major producer of ‘Shree Anna’ (millets), the Prime Minister underscored the global recognition that millets are currently enjoying. He also reminisced about how meals prepared with millets were featured at the state banquet during his visit to the White House, highlighting their increasing prominence.

“Rajasthan is much ahead in producing ‘Shree Anna’ like jowar, bajra…Earlier, no one paid heed to the farmers producing ‘coarse grain’. We carried out the Millet Mission and showed the world that our millet is a ‘superfood’. Today, it is recognised as ‘Shree Anna’ and its demand is rising globally,” PM Modi said.

“Last year, in the White House, US President (Joe Biden) had invited me. A huge banquet was organised, which had an all-vegetarian menu, and even included our coarse grain,” he added.

Significantly, at the urging of PM Modi, the United Nations declared 2023 as the ‘International Year of Millets’, further emphasizing their importance on a global scale.

In addition, he took a swipe at the Congress party for neglecting the concerns of the underprivileged, pointing out that millions of people are now reaping the benefits of central government initiatives such as Kisan Samman Nidhi and Ujjwala.

PM Modi also emphasized that it is the first time a government has implemented free vaccinations for cattle and livestock, underlining the significance of this initiative.

“In the last 10 years, the BJP brought solutions to those problems on which the Congress had given up. Congress gave the slogan of ‘Gareebi Hatao’ for decades but Modi brought 25 crore of Indians out of poverty. Congress left farmers on their own but the BJP government is working to make farmers prosperous. Today 10 crore farmers are receiving Kisan Samman Nidhi,” PM Modi said.

“It is for the first time that any government has been concerned for cattle too. In Rajasthan, domesticated animals of more than 80,000 farmers have been given free vaccinations,” he further said.

Rajasthan sends 25 MPs to the Lok Sabha. The polling is scheduled to take place in two phases on April 19 and 26. The counting of votes will occur on June 4.

In 2014, the BJP secured victory in all 25 seats in the state. Similarly, in 2019, the BJP-led alliance clinched all 25 seats, with the BJP winning 24 of them.

About Rs 1.25 lakh crore, PM Modi to lay foundations for three semiconductor factories

March 13, 2024, 9:29 am

Prime Minister Narendra Modi is scheduled to engage with and address the youth in the ‘India’s Techade: Chips for Viksit Bharat’ event on March 13 at 10:30 am through video conferencing. During the event, he will lay the foundation stone for three semiconductor projects valued at approximately Rs 1.25 lakh crore, aiming to develop semiconductor and display manufacturing ecosystems in India.

The India Semiconductor Mission, established by the Government of India, aims to create a comprehensive semiconductor ecosystem, positioning India as a leader in the global semiconductor industry. This initiative is expected to generate employment opportunities for the country’s youth, as per a statement from the Ministry of Education.

Prime Minister Modi will inaugurate India’s first Fab facility in Gujarat’s Dholera, as well as Outsourced Semiconductor Assembly and Test (OSAT) facilities in Sanand, Gujarat, and Morigaon, Assam. The event will involve the participation of students from 1814 institutes, including Central Universities, IITs, NITs, IIMs, IISER, IISc, and other leading institutes focusing on research, innovation, and STEM disciplines.

In addition to live streaming of the event, Higher Education Institutions (HEIs) will organize seminars and conferences throughout the day to encourage discussions on India’s Techade vision, the Semiconductor Mission, and a roadmap to achieve Viksit Bharat @2047 through research and innovation.

India’s Techade signifies the country’s commitment to embracing the digital age for sustainable development, job creation, improved quality of life, and establishing a strong presence in the global technology landscape. Prime Minister Modi’s vision is to position India as a global hub for semiconductor design, manufacturing, and technology development, creating employment opportunities for the nation’s youth, as stated in the Prime Minister’s office statement.

Tata Electronics Private Limited (TEPL) will set up the Semiconductor fabrication facility in the Dholera Special Investment Region (DSIR) under the Modified Scheme for setting up Semiconductor Fabs in India, with a total investment exceeding Rs. 91,000 crore. The OSAT facility in Morigaon, Assam, will also be established by TEPL under the Modified Scheme for Semiconductor Assembly, Testing, Marking, and Packaging (ATMP) with a total investment of around Rs 27,000 crore. Additionally, the OSAT facility in Sanand will be established by CG Power and Industrial Solutions Limited under the Modified Scheme for Semiconductor Assembly, Testing, Marking, and Packaging (ATMP), with a total investment of about Rs 7,500 crore.

PM Modi to inaugurate Sudarshan Setu Bridge on Feb 25: Harsh Sanghvi

February 24, 2024, 10:51 am

Gujarat’s Home Minister, Harsh Sanghvi, has disclosed that Prime Minister Narendra Modi is slated to visit Dwarka on February 25 to inaugurate the Sudarshan Setu bridge. Sanghvi stated, “PM Modi will inaugurate the Sudarshan Setu bridge in Dwarka on February 25. This bridge in itself is a good model and its visuals have become famous in the country. The way Dwarka is decorated during Janmashtami, similarly, ahead of PM Modi’s arrival, the people have decorated the entire city. Everyone is very eager for the arrival of the Prime Minister,” as per ANI reports.

Additionally, Gujarat Minister Rushikesh Patel, on Friday, disclosed that Prime Minister Narendra Modi will also visit Rajkot on February 25 to inaugurate the All India Institute of Medical Sciences (AIIMS) indoor-patient department. Patel conveyed, “PM Modi will be visiting Rajkot on February 25. He will be dedicating several projects to the city… Rajkot All India Institute of Medical Sciences (AIIMS) indoor-patient department having 250 beds will be officially inaugurated,” according to ANI.

In alignment with the ‘Ayushman Bharat, Viksit Bharat’ initiative, Prime Minister Narendra Modi is poised to dedicate five new All India Institute of Medical Sciences (AIIMS) to the nation on February 25. These include AIIMS Rajkot, AIIMS Mangalagiri, AIIMS Bathinda, AIIMS Raebareli, and AIIMS Kalyani. The event will also mark the inauguration of various medical and nursing colleges across the country.

These healthcare projects, with a cumulative cost of Rs 11,391.79 Crore, are anticipated to bring about substantial advancements and revolutionize India’s healthcare landscape. Meanwhile, on Thursday, Prime Minister Narendra Modi had actively participated in dedicating, inaugurating, and laying the foundation stone for several developmental projects in Gujarat, his home state.

Indian economy witnessed profound positive transformation in the last 10 years: FM Nirmala Sitharaman

February 1, 2024, 12:58 pm

During the interim budget presentation in Parliament, Finance Minister Nirmala Sitharaman proclaimed that the Indian economy has undergone a significant positive transformation over the past decade. She emphasized the government’s commitment to inclusive development under the vision of “Sabka Saath, Sabka Vikas, and Sabka Vishwas.”

“In the second term, our government strengthened its vision of Sabka Saath, Sabka Vikas, and Sabka Vishwas,” Sitharaman stated, underscoring the government’s continuous dedication to the welfare of all citizens. Despite the challenges posed by the once-in-a-century pandemic, Sitharaman noted the country’s successful strides towards building an Atmanirbhar Bharat (self-reliant India), committed to Panch Pran and laying solid foundations for the Amrit Kaal.

“The country overcame the challenges of the once-in-a-century pandemic to clang stride towards Atmanirbhar Bharat committed to Panch Pran and laid solid foundations for the Amrit Kaal,” said Sitharaman.

Addressing concerns about food security, Sitharaman announced the elimination of worries through the provision of free ration for 80 crore people.

“The worries about food have been eliminated through free ration for 80 crore people,” stated the Finance Minister. She highlighted the impact of Direct Benefit Transfer (DBT), noting that savings through DBT channels have enabled more funds for the PM Garib Kalyan Yojana, a welfare program for the economically disadvantaged.

“With the pursuit of Sabka Saath, the government has assisted 25 crore people to get freedom from multidimensional poverty in the last 10 years,” Sitharaman mentioned during her Budget speech.

Emphasizing the need to focus on four major pillars— the poor, women, youth, and annadatas (farmers), she declared, “We need to focus on four major pillars — poor, women, youth, and annadatas.”

Highlighting achievements in skill development, Sitharaman noted that the Skill India Mission has successfully trained 1.4 crore youth, contributing to their empowerment and employability. She reiterated the government’s commitment to inclusive governance, describing the administration under Prime Minister Modi as “secularism in action.”

“In the last 10 years, we have targeted every household for houses for all, water for all, and cooking gas for all,” Sitharaman declared, emphasizing the comprehensive approach towards addressing basic needs and improving living standards.

Additionally, she revealed that 34 crore Mudra Yojana loans have been extended to women entrepreneurs, promoting financial inclusion and empowerment.

“34 cr Mudra Yojana loans have been given to women entrepreneurs,” said the Finance Minister. The budget presentation concluded with a positive outlook, signaling the government’s determination to continue fostering inclusive growth and development.

As the nation navigates through the uncertainties of the present and builds towards the future, the budget reflects a commitment to the welfare and progress of all citizens. The Budget 2024 is expected to undergo thorough scrutiny and debates in the coming days in the Parliament as stakeholders assess its potential impact on the nation’s economic trajectory.