Union Minister Hardeep Singh Puri Highlights Fiscal Health and Development Initiatives in Budget

  • July 23, 2024, 4:42 p.m.

Union Minister Hardeep Singh Puri lauded the fiscal discipline and development initiatives outlined in the latest budget, emphasizing significant achievements in economic growth and future projections. Speaking at a press conference in Delhi, Puri highlighted key aspects of the budget that underscored India's economic trajectory and developmental priorities.

"This budget presents a very solid fiscal consolidation," remarked Puri. "The fact that the economy has shown robust growth in recent years and continues to project healthy figures is a testament to our policies."

Puri emphasized that the fiscal deficit has decreased from 5.1% to approximately 4.89%, reflecting prudent financial management. He pointed out that the budget's focus on creating employment opportunities for 4.1 crore youth over the next five years is a landmark initiative. "For the first time, an innovative scheme has been introduced to provide internships to a substantial number of our youth in the top 500 companies of the country," he added.

The Minister expressed particular satisfaction with the budget's emphasis on women-led development. "We have transitioned from women's empowerment centers to women-led development," he stated, highlighting initiatives aimed at enhancing opportunities and support for women entrepreneurs and professionals.

Regarding broader economic goals, Puri outlined the government's ambitious vision to elevate India's economy. "We aim to grow from a $3 trillion to a $5 trillion economy, advancing from the tenth to the fifth largest economy globally. According to IMF projections, India is poised to become the third largest economy by 2027," he revealed.

The budget's provisions for skill development and job creation, coupled with measures to bolster fiscal stability, have drawn praise from various quarters. Puri affirmed that these initiatives are aligned with the government's commitment to inclusive growth and sustainable economic development.

As the fiscal year progresses, the implementation of these measures will be closely monitored to gauge their impact on various sectors of the economy and their contribution to India's economic aspirations.

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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