The whole world is eyeing India’s budget, important for the unstable global economy… Know what PM Modi said
New Delhi: Tomorrow i.e. on February 1, the general budget of India is to be presented. Before that Prime Minister Narendra Modi (Narendra Modi) gave the address. The Prime Minister said in his address that the world is watching India’s budget. He said that this budget will prove to be the bright ray of the global economy.
Highlights
- Finance Minister Sitharaman will present Union Budget on February 1
- PM Modi said, the eyes of the world towards India’s budget
New Delhi: The Union Budget 2023 is to be presented in Parliament on February 1. Earlier in his address today, Prime Minister Modi (Narendra Modi) said that important voices in the economic world are giving positive signals. Prime Minister Narendra Modi (PM Narendra Modi) after coming to Parliament for the budget session today said that President Draupadi Murmu will address both Houses for the first time, it is a proud day for the tribal society. He said that it has been a tradition in the Parliament that when a new MP speaks for the first time, the whole Parliament respects him and creates an environment to instill confidence in him. Similarly, today is the first address of the President.
Prime Minister Modi said that the Finance Minister, who presented the Union Budget yesterday, is also a woman, and not only India, but the whole world is watching our budget. Prime Minister Narendra Modi said that this budget will also prove to be a bright ray for the unstable global economy. I am sure Nirmala Sitharaman ji will live up to all the expectations.
The economic advisor will present an economic survey
Prime Minister Modi said that we have only one thought that the country comes first. We will also create a ruckus and discuss it in the budget session. We will have a very good discussion on every issue in the House. All MPs will participate in this session with full preparation. This session will be important for all of us. An Economic Survey will be tabled in Parliament today by Chief Economic Advisor V Ananth Nageswaran. The Economic Survey is the government’s review of how the economy has fared over the past year.
News agency Reuters quoted a source as saying that India’s annual pre-budget economic survey is expected to have a GDP growth rate of 6-6.8% for 2023-24. In the government survey, it can be said that under the baseline scenario, the growth rate for 2023-24 can be seen at 6.5%. It will be the slowest in three years.
Projecting a 6.8 percent growth rate in 2024, the
International Monetary Fund (IMF) also said on Tuesday that it expects some slowdown in the Indian economy in the next financial year and the growth rate during the current financial year ending March 31. It is estimated to be 6.8 percent to 6.1 percent. The World Economic Outlook update of the IMF states that the growth rate in India will decline from 6.8 percent in 2022 to 6.1 percent in 2023, before reaching 6.8 percent in 2024.
