Friday, March 29, 2024
HomeEconomy and FinanceUnion Budget 2019: Indian economy will grow to become a $3 trillion dollar economy...

Union Budget 2019: Indian economy will grow to become a $3 trillion dollar economy in the current year itself, says Finance Minister

Nirmala Sitharaman in her speech said that the government needs to invest heavily in infrastructure, job creation and small and medium industries.

Thanking the voters for bringing back Modi government to power for a second term, Union Finance Minister, Nirmala Sitaraman in her maiden budget speech declared that Indian economy will grow to become a $3 trillion economy in the current year itself.


Reportedly, the Union Finance Minister added that India is now the sixth largest in the world in just five years from being the 11th largest five years ago in 2014.

“It took us over 55 years to reach $1 trillion dollar economy. But when the hearts are filled with hope, trust & aspiration, we in just 5 years, added $1 trillion. It is well within our capacity to reach the $5 trillion in the next few years. We will reach a $3 trillion economy in the current year,” said Sitharaman.

Nirmala Sitharaman in her speech said that the government needs to invest heavily in infrastructure, job creation and small and medium industries. All of India’s private sector firms have played a role in growth. Govt does not look down on legitimate profit-making, India Inc is job creator, wealth creator, said Nirmala Sitharaman.

FM Nirmala Sitharaman also linked Narendra Modi led government’s ambitious ‘Make in India’ scheme with ‘Swadeshi’ movement of the Independence era. She said these movements encouraged the local enterprise and self-reliance.

Ayodhra Ram Mandir special coverage by OpIndia

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staff
OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Recently Popular

- Advertisement -

Connect with us

255,564FansLike
665,518FollowersFollow
41,500SubscribersSubscribe