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The Union Budget for 2023-24 is focused on growth and welfare with a priority to provide support to farmers, women, marginalised sections and the middle class, Defence Minister Shri Rajnath Singh said on 01 February, 2023. Shri Singh said the Budget proposals will lead the country towards achieving its goal of becoming a USD 5 trillion economy and top three economies globally within a few years.
The Defence Minister said the Budget demonstrated the government’s commitment towards supporting growth and welfare oriented policies that will benefit all sections of society including small businesses owners, farmers, and professionals alike.
“The Union Budget for 2023-24 presented by Union Finance Minister Smt. Nirmala Sitharaman under the guidance of PM Shri Narendra Modi is focused on growth and welfare, with a priority to provide support to farmers, women, marginalised sections and the middle class,” he tweeted.
“By creating jobs through investments in infrastructure projects paired with increased spending on agriculture, housing, healthcare and manufacturing sectors will help create more opportunities for everyone and help in driving economic growth further ahead!,” he said.
Shri Rajnath Singh said the Budget proposals will drive economic growth further. “The increase in Income Tax exemption limit to Rs. 7 lakhs and several other tax related reforms will provide a huge relief to the middle class including salaried individuals and retired people. I congratulate the Union Finance Minister Smt. Nirmala Sitharaman and thank the Hon’ble Prime Minister for taking this people’s friendly decision.
“The Union Budget 2023-24 is expected to bring about positive changes in the country that will lead us towards achieving our goal of becoming a USD 5 trillion economy and ‘Top Three’ economies within a few years,” he said in another tweet.