EAM Jaishankar calls Union Budget "employment-centric and growth-oriented"
Union Budget 2025: A Vision for India's Future
Jaishankar's Praise for the Budget
External Affairs Minister S Jaishankar congratulated Finance Minister Nirmala Sitharaman for the Union Budget 2025, describing it as forward-looking, employment-centric, and growth-oriented. He shared his thoughts on social media, emphasizing the budget's alignment with Prime Minister Narendra Modi's vision of a developed India, or 'Viksit Bharat'.
Key Focus Areas
The budget highlights agriculture, MSMEs, investment, and exports as crucial sectors for strengthening India's self-reliance, known as 'Atmanirbhar Bharat', and enhancing global engagement. Jaishankar noted the budget's recognition of the middle class's role in nation-building and its commitment to the welfare of the poor, youth, farmers, and women.
Prime Minister Modi's Endorsement
Prime Minister Modi praised the budget as a 'Force Multiplier' for India's development, calling it a 'budget of aspirations' for 140 crore Indians. He emphasized its potential to fulfill citizens' dreams by opening up various sectors for youth participation and boosting economic growth.
Amit Shah's Support
Union Home Minister Amit Shah also commended the budget, highlighting the income tax exemption up to Rs 12 lakh as a benefit for the middle class, reflecting their importance to Prime Minister Modi.
Doubts Revealed
S Jaishankar
S Jaishankar is the External Affairs Minister of India. He is responsible for managing India's relationships with other countries.
Nirmala Sitharaman
Nirmala Sitharaman is the Finance Minister of India. She is in charge of the country's financial and economic matters, including the Union Budget.
Union Budget 2025
The Union Budget is a financial statement presented by the government every year. It outlines the government's revenue and expenditure for the upcoming year. The 2025 budget is being discussed here.
Forward-Looking
Forward-looking means planning for the future. It involves making decisions that will benefit the country in the long term.
Growth-Oriented
Growth-oriented means focusing on increasing the country's economic development. It involves creating more jobs, businesses, and opportunities for people.
Prime Minister Modi
Prime Minister Modi is the current Prime Minister of India. He leads the government and makes important decisions for the country.
MSMEs
MSMEs stand for Micro, Small, and Medium Enterprises. These are small businesses that play a crucial role in the economy by providing jobs and contributing to production.
Self-reliance
Self-reliance means being able to rely on oneself or one's own resources. In this context, it means India becoming more independent in producing goods and services.
Force Multiplier
A force multiplier is something that increases the effectiveness of a plan or action. Here, it means the budget will greatly help in achieving development goals.
Income Tax Exemption
Income tax exemption means not having to pay tax on a certain amount of income. It is a benefit for people, especially the middle class, to save more money.
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