Finance Minister Nirmala Sitharaman recently highlighted the pivotal role of the Centre in steering the country towards its highest economic growth rate. Underlining the government’s concerted efforts, she emphasized key policies and initiatives that have catalyzed this remarkable achievement.
Sitharaman underscored the significance of economic reforms, citing measures such as the Goods and Services Tax (GST) implementation and the Insolvency and Bankruptcy Code (IBC) as instrumental in creating a more robust and transparent economic framework. These reforms, she argued, have streamlined processes, enhanced ease of doing business, and attracted both domestic and foreign investments.
Source:- ndtv
The Finance Minister also pointed to the government’s focus on infrastructure development as a crucial driver of economic growth. Massive investments in sectors like transportation, energy, and technology have not only stimulated economic activity but also generated employment opportunities, contributing to the overall well-being of the populace.
Furthermore, Sitharaman acknowledged the resilience demonstrated during challenging times, particularly in the face of the global economic downturn and the COVID-19 pandemic. She highlighted the swift policy responses and stimulus packages rolled out by the government to support businesses and individuals, preventing a more severe economic contraction.
In terms of fiscal management, the Finance Minister detailed how prudent financial planning and responsible budgetary allocations have played a pivotal role in sustaining economic momentum. By ensuring fiscal discipline, the government has been able to maintain stability and create an environment conducive to growth.
The Finance Minister’s remarks also touched upon the importance of digitalization and technology-driven initiatives. Embracing a digital-first approach, the government has not only facilitated financial inclusion but has also paved the way for innovation and efficiency in various sectors, contributing to the overall economic upswing.
Sitharaman concluded by expressing optimism about the country’s economic trajectory, citing ongoing efforts to address challenges and capitalize on emerging opportunities. The Centre’s commitment to economic growth, coupled with strategic policymaking, has evidently propelled the nation to its highest growth rate, showcasing the effectiveness of the government’s comprehensive approach to economic development.
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