Parliament Budget Session: Finance Minister Nirmala Sitharaman lauded the government’s economic policies during her reply to the Budget 2023 debate in the Lok Sabha on Friday.
He asserted that despite the global slowdown, India is still the fastest growing major economy.
He said that the government has chosen capital expenditure route to revive the economy as its multiplier effect is very high.
“If I may summarize the Budget 2023-24 in a few words – it balances the need for India’s growth imperatives within the limits of fiscal prudence,” Sitharaman said.
He said the total resources being transferred to the states, i.e. the central share from taxes and release under centrally sponsored schemes together were estimated to be ₹17.98 lakh crore and this was ₹1.55 lakh crore more than last year.
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