30-04-2024 12:24 PM | Source: Accord Fintech
India needs stable government to achieve goal of becoming Viksit Bharat by 2047: FM Nirmala Sitharaman

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Finance Minister Nirmala Sitharaman has underscored the need for a stable government to achieve the goal of becoming Viksit Bharat by 2047. She said ‘we have to make efforts, so the Gross domestic product (GDP) grows, and the benefits reach to all. GDP growth doesn't happen automatically; efforts are required at micro and macro levels and on the ground’. 

The minister further said ‘the image of the country is also important, along with the ranking of your GDP, and all these factors matter, along with per capita income calculations. Unless the GDP is widened, we are not going to be able to meet the demands of the economy. We need investment, services to grow, educational institutions, and money for people to buy houses, start businesses’.

Sitharaman said the India economy, during the UPA regime, suffered a lot and languished as supposed to the NDA rule where it reached the top 5 and now is on the way to become the world's 3rd largest economy in the coming years. So, to say that India will automatically become the third largest economy was nothing but undermining the efforts made by the Modi government for the nation. She added that the government has allocated nearly 100,000 lakh crore for Anusandhan Corpus and this investment aims to bolster India's research budget across various sectors, fostering inclusive growth in the nation.