Prime Minister Narendra Modi on Tuesday said the budget promotes "inclusive growth", benefitting all segments of society, and will be a «catalyst» in making India the third-largest economy and a developed nation.
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It also lays special emphasis on job creation and welfare of the poor, farmers, youth and women, Modi said in a statement issued hours after finance minister Nirmala Sitharaman presented the budget in the Lok Sabha.
The budget will usher in «new opportunities, new energy, new employment and self-employment opportunities», he said.
«The budget has brought prospects for better growth and a bright future… It has the potential for being a catalyst for making India the third-largest economy in the world and for laying a strong foundation for Viksit Bharat… It will empower every segment of society,» he said.
During the Lok Sabha election campaign, Modi had often highlighted that upliftment of the poor and the farmers is top priority for his government.
The budget will take the poor farmers from villages on the path to prosperity," he said and recalled that 250 million people have been