Finance Minister Nirmala Sitharaman on Wednesday began her much anticipated Budget speech, highlighting India's economic prospects amid a slowing global economy.
"The world has recognised India as a bright star. Our growth for the current year is estimated at 7 per cent...the highest among all major economies, in spite of massive global slowdown caused by pandemic and war," Sitharaman said, kicking off her speech.
She added that the Indian economy was on the right track, and heading towards a bright future.
While presenting the first Budget for 'Amrit Kaal', FM Nirmala Sitharaman said the government, in a bid to increase digital infrastructure in the rural areas and boost rural startups, will set up an accelerator fund for agri startups.
She said the Budget for 2023-24 hopes to build on the foundation of the previous budget and blue print for India@100.
This is the last full Budget of the second term of the BJP-led NDA government ahead of the general elections in 2024.
Sitharaman is presenting her fifth full Budget after she took over as Finance Minister in July 2019.
Details to follow
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