Budget proposals will help India achieve goal of becoming USD 5 trillion economy: Singh

New Delhi: 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, said Defence Minister Rajnath Singh on Wednesday. Singh said that the budget proposals will lead the country towards achieving its goal of becoming a USD five trillion economy and holding a name in top three economies globally within a few years.

'Budget demonstrated the government's commitment towards supporting growth and welfare-oriented policies'

The defence minister said that 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 FM Sitharaman under the guidance of PM  Modi is focused on growth and welfare, with a priority to provide support to farmers, women, marginalised sections and the middle class," he tweeted.

Fiscal deficit to be brought down to below 4.5% by 2025-26: FM

Budget proposals will drive economic growth further: Singh

"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. Singh said that the budget proposals will drive economic growth further.

"The increase in Income Tax exemption limit to Rupees seven lakhs and several other tax related reforms will provide a huge relief to middle class including salaried individuals and retired people. I congratulate the FM and thank Pradhanmantri ji for taking this people 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 five trillion economy and 'Top Three' economies within few years," he said in another tweet.

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