FM presents budget for record eighth time

New Delhi: Finance Minister Nirmala Sitharaman on Saturday made history as she presented a record eighth consecutive budget, which comes in the backdrop of slowdown in economy.
All eyes are on potential income tax cuts or tweaks to ease the burden on the middle class, struggling with high prices and stagnant wages.
Consumers hope for measures to lower household costs, while job seekers look for policies to spur employment.
The Budget for the fiscal year starting April 1 is expected to balance growth-boosting measures with fiscal prudence, focusing on consumption while narrowing the fiscal deficit.
She said the Budget is focussed on driving growth, inclusive development.
She asserted that the Indian economy is fastest-growing among all developing economies. The finance minister said, “We see the next five years as unique opportunity to stimulate growth.”
She stated that “Viksit Bharat” will encompass zero poverty, 100% quality education, and high-quality, affordable, and comprehensive healthcare.
Union Finance Minister Nirmala Sitharaman says, “Our economy is the fastest growing among all major economies. Our development track record for the past 10 years and structural reforms have drawn global attention. Confidence in India’s capability and potential has only grown in this period. We see the next 5 years as a unique opportunity to realise sabka vikas, stimulating balanced growth of all regions.”