Prime Minister Narendra Modi hailed the Union Budget 2025 as a ‘force multiplier’, saying that the budget will fulfil dreams of people. He lauded the Union Budget, presented by Finance Minister Nirmala Sitharaman, as a “Janata Janardhana’s people’s budget” that puts more money in the hands of people and said it is a force-multiplier that will increase investments and lead to growth.
In televised remarks on the Budget, Modi said the government has opened up many sectors for the youth, who will drive the mission of ‘Viksit Bharat’ (developed India). He said that the budget aimed at increasing savings, investment, consumption and growth.
PM Modi said, “This budget will increase savings, investment, consumption and growth rapidly. I congratulate Finance Minister Nirmala Sitharaman and her entire team for this Janta Janardan, People’s budget.”
He said a budget usually focuses on increasing the income of the government, but the budget presented by Sitharaman seeks to put more money in the pockets of people, increase savings and make citizens partners in the development journey. “The Budget lays a strong foundation to increase savings and make citizens partners in development,” he added.
PM Modi said that priority has been given to all the sectors of employment in every way, as he added, “I would like to discuss those reforms that are going to bring a big change in the coming times.”
The PM put emphasis on the fact that the budget will encourage the construction of big ships in India, adding that the Atmanirbhar Bharat Abhiyan will get momentum.
PM Modi also highlighted the potential for tourism in the country. He said, “Hotels will be built at 50 important tourist stations for the first time. By bringing hotels under the ambit of infrastructure, tourism will get a big boost. This will give energy to the hospitality sector, which is a very big sector of employment.”
Modi said welfare measures for gig workers underscore the government’s commitment to the dignity of labour. He hailed the measures presented in the Budget for the manufacturing sector as allowing Indian products to shine globally. The tax relief will provide big benefits to the middle class and salaried employees, he added.
The announcements in the Budget for farmers will revolutionise the agriculture sector and rural economy. “In terms of reforms, many important steps have been taken in this Budget. Encouraging the private sector in nuclear energy is historic. It will ensure a big contribution of civil nuclear energy in the development of the country,” the prime minister said.