Prime Minister Narendra Modi has expressed strong support for the Union Budget 2025, calling it a "force multiplier" that will stimulate savings, investment, consumption, and economic growth in the country. In his praise for Finance Minister Nirmala Sitharaman, he described the budget as "Janta Janardan's, People's budget," emphasizing its focus on empowering individuals and fostering national development.
PM Modi highlighted that this budget takes a unique approach by shifting the focus from government revenue generation to enhancing individual savings and increasing citizen participation in economic growth. "Usually, the focus of the budget is on how the government treasury will be filled, but this budget is exactly the opposite of that," he remarked. This strategic shift aims to boost personal financial growth, alongside national economic development.
A significant point of praise for PM Modi was the inclusion of private sector participation in nuclear energy, which he termed a "historic" step. By encouraging private involvement in this vital sector, the Budget aims to strengthen the role of civil nuclear energy in India's growth and development, further promoting energy independence.
Additionally, the Prime Minister lauded the employment-centric reforms proposed in the Budget. He noted that the Budget prioritizes employment opportunities across various sectors and introduces policies for long-term growth. Particularly notable was the decision to grant infrastructure status to the shipbuilding sector, a move expected to drive large-scale construction and bolster the Atmanirbhar Bharat (self-reliant India) initiative.
PM Modi also focused on the tourism sector, which he identified as having tremendous potential for growth and job creation. He mentioned the establishment of hotels at 50 key tourist destinations and emphasized the inclusion of hotels under infrastructure status. This would not only boost tourism but also strengthen the hospitality sector, a significant employer of India's workforce.
In conclusion, PM Modi's comments underscore the Union Budget 2025 as a strategic plan designed to boost economic growth, increase private sector involvement in key industries, and create more jobs, all while fostering a greater role for individual savings and participation in national progress.
