Piyush Goyal Praises Budget 2024-25: A Roadmap for New India
Union Minister of Commerce and Industry Piyush Goyal praised the Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, as a roadmap for New India. He highlighted its nine priorities aimed at making India the third-largest economy and a developed nation by 2047.
Key Highlights
Goyal emphasized that the budget focuses on:
- Skill development and employment initiatives
- Infrastructure development
- Industry competitiveness
- Promoting manufacturing, services, and tourism
He also mentioned that the budget is both innovative and inclusive, setting the tone for rapid progress during the ‘Amrit Kal’ period.
Finance Minister’s Achievements
Finance Minister Nirmala Sitharaman presented her seventh consecutive Union Budget, making history. Her budget includes significant tax reforms and aims to create 4.1 crore jobs and skill 20 lakh youth over the next five years. The budget also focuses on:
- Productivity and resilience in agriculture
- Inclusive human resource development and social justice
- Urban development and energy security
- Innovation, research, and development
- Next-generation reforms
Goyal lauded Prime Minister Narendra Modi’s leadership and fiscal management, stating that the budget will be transformational for industries, internal trade, and international trade.
Doubts Revealed
Piyush Goyal -: Piyush Goyal is a senior leader in the Indian government. He is the Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles.
Budget 2024-25 -: The Budget 2024-25 is a financial plan for the country for the years 2024 and 2025. It includes how the government will earn and spend money.
New India -: New India is a vision for a modern and developed India. It aims for better infrastructure, more jobs, and a stronger economy.
Finance Minister -: The Finance Minister is the person in charge of the country’s money matters. Nirmala Sitharaman is the current Finance Minister of India.
Nirmala Sitharaman -: Nirmala Sitharaman is an important leader in the Indian government. She is the Finance Minister, responsible for the country’s budget and financial policies.
third-largest economy -: An economy is how a country makes and uses money. Being the third-largest economy means India would be the third richest country in the world.
2047 -: The year 2047 is important because it will mark 100 years of India’s independence from British rule.
skill development -: Skill development means teaching people new skills so they can get better jobs. It helps people learn things like using computers or fixing machines.
infrastructure -: Infrastructure includes things like roads, bridges, and buildings. Good infrastructure helps a country grow and develop.
industry competitiveness -: Industry competitiveness means making Indian businesses strong so they can compete with businesses from other countries.
tax reforms -: Tax reforms are changes in the way the government collects money from people and businesses. These changes can make it easier or fairer to pay taxes.
4.1 crore jobs -: 4.1 crore jobs means creating 41 million new jobs. This will help many people find work and support their families.
20 lakh youth -: 20 lakh youth means 2 million young people. The plan is to help them learn new skills so they can get good jobs.