Future-proofing the Indian economy: Measures announced in budget expected to stabilise rural economies
finance minister in India's history to present seven consecutive Union budgets, finance minister Nirmala Sitharaman had the momentous task of addressing multiple areas such as rural demand, infrastructure development, manufacturing, technology upgradation, among others, to build levers for sustainable growth for the Indian economy-underpinned by an overall focus on boosting consumption and spending.
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With the nine priority areas identified today, the government has taken the vision they set out to achieve with the previous budgets a step further, by providing a balanced and strategic roadmap for a Viksit Bharat. This budget, with its clear focus on seeding resilience in agriculture, job creation, manufacturing, energy, sustainable and inclusive HRD, innovation, infrastructure development and tax reforms, emphasises the clear vision this government has on aiding the economy by driving inclusive growth and boosting consumption in the long term. This budget has taken a comprehensive and balanced approach, which can be seen in its move of retaining the capex budget.
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