Prime Minister Narendra Modi, on Thursday, hailed the Interim Budget 2024, calling it “inclusive and innovative.”
In a televised address following the budget, the prime minister said the pre-election budget, presented by Finance Minister Nirmala Sitharaman, benefits every section of the society and lays the foundation for a developed India.
“This Interim Budget is inclusive and innovative. It has confidence of continuity. It will empower all four pillars of Viksit Bharat—Yuva, Garib, Mahila and Kisan (youth, poor, women and farmers),” Modi said and added that the budget gives the guarantee of making India a developed nation by 2047.
During her budget speech, the finance minister said the government is working to make India a developed country by 2047, and claimed that the poor, women, youth and farmers are four castes for the government.
Modi observed that in this budget, keeping fiscal deficit under control, capital expenditure has been given a historic high of 11.11 lakh crore. “If we speak the languages of the economists, in a manner this is a 'sweet spot'.”
Citing the announcement of Rs 1 lakh crore fund for research and innovation, he noted that the "historic" budget has also offered rebates for start-ups.
"With this, besides building India's modern infrastructure of the 21st century, innumerable new job opportunities for the youth will be created."
The budget empowers the poor and middle class and will create countless employment opportunities for the youth, he said.