Addressing the leaders of Indian Industry PM Narendra Modi highlighted the achievements of his government over the last ten years.
‘India is currently the world’s fastest-growing major economy and in the last ten years the country’s budget has increased three times to Rs 48 lakh crore from Rs 16 lakh crore’, said PM Modi.
PM Modi said, ‘When in 2013-14 the last budget of Dr Manmohan Singh’s government was presented, it was Rs 16 lakh crore. Today, in our government, it has increased by three times and reached Rs 48 lakh crore’.
Addressing the Industry at the inaugural session of ‘Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference’ organised by CII at Vigyan Bhawan in New Delhi, PM Modi said that capital investment, known as the most productive medium of resource investment, has seen significant growth in his term compared with last government.
PM Modi said that in 2004 when the UPA government assumed power, their first budget’s capital expenditure was Rs 90,000 crore. In their 10-year rule, the UPA government was able to increase capital expenditure to Rs 2 lakh crore. Now, in 2024, it is more than Rs 11 lakh crore.
PM Modi sadi, ‘In ten years, from 2004 to 2014, the capex somehow doubled, but in our tenure, the capex has increased by more than five times’.
Comments