July 5, 2022

Photo Credits: Hindustan Times

Govt took up reforms for making India one of the top economies despite Covid-19: FM

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Union Finance Minister Nirmala Sitharaman on Saturday spoke about the measures taken bybthd Central government despite Covid-19 and made the necessary reforms for sustaining the long-term growth of India. With the ongoing discussion in the Lok Sabha about the Union Budget, Nirmala Sitharaman iterated that the reforms will be carve the path to help India be the top economy in the world for the forthcoming decade.

The Finance Minister said, “I would like to highlight – stimulus plus reforms. The pandemic did not deter us from taking up the reforms that would sustain long term growth. We have taken not just one-off reforms, not just now and then but reforms reverted in a policy which will give a neat background, a layout spread before the Parliament for people to know that this is a reform that will lay a path for India to be one of the top economies of the world in the coming decade and further.”

She emphasized on the approach adopted by India amid the Covid-19 crisis which resulted in retraction from the pandemic.

She said, “Because we had an approach which was spearheaded from the front by PM, we have had a retraction in the pandemic. Death rates are the lowest in the world and active cases have come down.”

The minister further added, “This Budget draws from the experience of Prime Minister when he was Chief Minister- on the ground in Gujarat, seen so many revivals happening at a time when the license quota raj was going away post 1991 and then based on that experience, commitment to reform was blended into this Budget.”

While addressing the Lok Sabha, she also mentioned that the Union Budget 2021 is the tool for attaining Aatmanirbhar Bharat and affirmatively said that government is looking for long term reforms and sustain growth.

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