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LAID FOUNDATION FOR $5 TRILLION ECONOMY: SITHARAMAN

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Finance Minister Smt. Nirmala Sitharaman said that Budget 2020 has laid the foundation for increasing consumption and building assets to push India towards its goal of becoming a $5 trillion economy.

“I think we have laid the foundation for increasing consumption, ensuring government’s investment goes towards asset-building. This is sure to have a cascading effect, both in the short term and in the long term. “And with that, the virtuous cycle of triggering the economy to perform and move forward will be happening, that is the basis on which majority of government expenditure is going towards infrastructure construction,” Smt. Sitharaman said.

She said, “In order to address rural distress, 16 focused action points have been announced in the budget. So I expect all this will lead to a five trillion dollar economy.”