Funds 2024: Prime Minister Narendra Modi on Tuesday addressed a CII post-Funds 2024 convention, stating that in 10 years, his authorities has tripled India’s Funds. The final Funds offered by the Manmohan Singh authorities in 2014 was of Rs 16 lakh crore. Ten years later, the Union Funds 2024 offered by us a number of days in the past is Rs 48 lakh crore, which is 3 times, Modi stated.
Modi additionally stated that the capital expenditure allocation underneath his governments has grown manifold.”Capital expenditure is known as the most important productive medium of useful resource funding,” he stated on the ‘Journey In the direction of Viksit Bharat: A Put up Union Funds 2024-25′ convention. In 2004, the capex allocation of UPA’s first Funds was Rs 90,000 crore. This elevated to solely Rs 2 lakh crore within the final UPA finances in 2014, Modi stated. At current the capex allocation is over Rs 11 lakh crore, Modi added. Modi identified that the capex allocation of railways and highways has turn into 8 instances underneath his authorities.
PM Modi stated that India, which is at the moment the world’s fifth largest financial system, will quickly turn into the third largest. He additionally famous the time when India had been ranked among the many ‘Fragile 5’ economies on the planet. Modi stated that his governments have progressively helped India transfer from a state of vulnerability to a spot of power.
PM Modi additionally stated that in a world the place most economies are combating low progress and excessive inflation, India stands out as an financial system which is seeing excessive financial progress and low inflation. He additionally stated that India’s fiscal prudence has turn into an instance for the world to see.
Modi spoke of the federal government’s initiatives to remodel the manufacturing sector of the financial system with steps like ‘Make in India’, Manufacturing Linked Incentive (PLI) schemes, liberalisation of FDI norms, organising of multi-modal logistics hubs.
Finance Minister Nirmala Sitharaman offered the primary Union Funds of the newly elected NDA authorities on July 23, 2024.
This story is being up to date
Modi additionally stated that the capital expenditure allocation underneath his governments has grown manifold.”Capital expenditure is known as the most important productive medium of useful resource funding,” he stated on the ‘Journey In the direction of Viksit Bharat: A Put up Union Funds 2024-25′ convention. In 2004, the capex allocation of UPA’s first Funds was Rs 90,000 crore. This elevated to solely Rs 2 lakh crore within the final UPA finances in 2014, Modi stated. At current the capex allocation is over Rs 11 lakh crore, Modi added. Modi identified that the capex allocation of railways and highways has turn into 8 instances underneath his authorities.
PM Modi stated that India, which is at the moment the world’s fifth largest financial system, will quickly turn into the third largest. He additionally famous the time when India had been ranked among the many ‘Fragile 5’ economies on the planet. Modi stated that his governments have progressively helped India transfer from a state of vulnerability to a spot of power.
PM Modi additionally stated that in a world the place most economies are combating low progress and excessive inflation, India stands out as an financial system which is seeing excessive financial progress and low inflation. He additionally stated that India’s fiscal prudence has turn into an instance for the world to see.
Modi spoke of the federal government’s initiatives to remodel the manufacturing sector of the financial system with steps like ‘Make in India’, Manufacturing Linked Incentive (PLI) schemes, liberalisation of FDI norms, organising of multi-modal logistics hubs.
Finance Minister Nirmala Sitharaman offered the primary Union Funds of the newly elected NDA authorities on July 23, 2024.
This story is being up to date
