Finance Minister Nirmala Sitharaman will present the last full budget of the second term of the Modi government today. Sitharaman’s budget speech will begin at 11 am. This budget of India is going to be presented at a time when the pace of the major economies of the world has slowed down and is moving towards a possible recession. This budget is being considered very important before the 2024 Lok Sabha elections.
This budget of India is going to be presented at a time when the world’s major economies have slowed down and are heading towards a possible recession. In such a situation, the eyes of the whole world are fixed on the budget of the Modi government. On the other hand, in the economic survey presented by the government in the Parliament, the growth rate is likely to be 6-6.8 percent. In such a situation, India is being considered as one of the fastest growing economies in the world. After presenting the budget, Nirmala Sitharaman will hold a press conference at 3 pm.
This time in the budget, the government can make many big announcements to advance the self-reliant India campaign. The purpose of these declarations is to make the country and its people self-reliant. For this, the government can increase its focus on ‘Make in India’ and ‘Vocal for Local’. Its purpose is to provide relief to the common man and the economy. It is estimated that the government may announce the creation of export hubs at the district level in the budget to promote ‘Vocal for Local’. A fund of around 4,500 to 5,000 crore rupees can be announced for this.
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