Finance Minister Nirmala Sitharaman emphasized the profound positive transformation of the Indian economy over the last decade in her pre-election Budget. Under Prime Minister Narendra Modi’s leadership, the government focused on inclusivity, implementing structural reforms, pro-people programs, and creating employment opportunities. The economy, rebounding from a 5.8% contraction in 2020-21, recorded a growth of 9.1% in 2021-22. The Finance Ministry predicts India becoming the world’s third-largest economy in the next three years, reaching a GDP of USD 5 trillion. Sitharaman’s budget underscores the nation’s hopeful future with aspirations for further economic expansion.
India’s Finance Minister Highlights Decade of Positive Economic Transformation
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