{"id":801,"date":"2024-02-01T09:50:29","date_gmt":"2024-02-01T09:50:29","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=801"},"modified":"2024-02-01T09:50:29","modified_gmt":"2024-02-01T09:50:29","slug":"economy-is-doing-well-as-impact-of-all-round-development-is-discernible-in-all-sectors-sitharaman","status":"publish","type":"post","link":"https:\/\/matribhumisamachar.com\/en\/2024\/02\/01\/economy-is-doing-well-as-impact-of-all-round-development-is-discernible-in-all-sectors-sitharaman\/","title":{"rendered":"ECONOMY IS DOING WELL AS IMPACT OF ALL-ROUND DEVELOPMENT IS DISCERNIBLE IN ALL SECTORS: SITHARAMAN"},"content":{"rendered":"

New Delhi. \u201cBesides delivering on high growth in terms of Gross Domestic Product, the Government is equally focused on a more comprehensive\u00a0\u2018GDP\u2019<\/em>, i.e.,\u00a0\u2019Governance, Development and Performance\u2019<\/em>,\u201d this was stated by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman while presenting the Interim Union Budget 2024, in Parliament today.<\/p>\n

The Union Finance Minister said that the Government has provided transparent, accountable, people-centric and prompt trust-based administration with \u2018citizen-first\u2019 and \u2018minimum government, maximum governance\u2019 approach.<\/p>\n

\u00a0Sitharaman said that the economy is doing well is visible as investments are robust, and along with macro-economic stability, including in the external sector, the impact of all-round development is discernible in all sectors.<\/p>\n

The Union Finance Minister said that people are getting empowered, equipped and enabled to pursue their aspirations, which is visible as people are living better and earning better, with even greater aspirations for the future; Average real income of the people has increased by 50 per cent; inflation is moderate; and there is effective and timely delivery of programmes and of large projects.<\/p>\n

\n

ECONOMIC MANAGEMENT<\/u><\/strong><\/p>\n

Sitharaman said that the multipronged economic management over the past 10 years has complemented people-centric inclusive development and attributed the following as some of its major elements:<\/p>\n

    \n
  1. All forms of infrastructure, physical, digital or social, are being built in record time.<\/li>\n
  2. All parts of the country are becoming active participants in economic growth.<\/li>\n
  3. Digital Public Infrastructure, a new \u2018factor of production\u2019 in the 21st<\/sup>\u00a0century, is instrumental in formalisation of the economy.<\/li>\n
  4. Goods and Services Tax has enabled\u00a0\u2018One Nation, One Market, One Tax\u2019<\/em>. Tax reforms have led to deepening and widening of tax base.<\/li>\n
  5. Strengthening of the financial sector has helped in making savings, credit and investments more efficient.<\/li>\n
  6. GIFT-IFSC and the unified regulatory authority, IFSCA (International Financial Services Centres Authority) are creating a robust gateway for global capital and financial services for the economy.<\/li>\n
  7. Proactive inflation management has helped keep inflation within the policy band.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    New Delhi. \u201cBesides delivering on high growth in terms of Gross Domestic Product, the Government is equally focused on a more comprehensive\u00a0\u2018GDP\u2019, i.e.,\u00a0\u2019Governance, Development and Performance\u2019,\u201d this was stated by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman while presenting the Interim Union Budget 2024, in Parliament today. The Union Finance Minister said that …<\/p>\n","protected":false},"author":1,"featured_media":762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,136],"tags":[272],"class_list":["post-801","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business-english-news","category-national","tag-economy"],"yoast_head":"\nECONOMY IS DOING WELL AS IMPACT OF ALL-ROUND DEVELOPMENT IS DISCERNIBLE IN ALL SECTORS: SITHARAMAN - Matribhumi Samachar English<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/matribhumisamachar.com\/en\/2024\/02\/01\/economy-is-doing-well-as-impact-of-all-round-development-is-discernible-in-all-sectors-sitharaman\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECONOMY IS DOING WELL AS IMPACT OF ALL-ROUND DEVELOPMENT IS DISCERNIBLE IN ALL SECTORS: SITHARAMAN - Matribhumi Samachar English\" \/>\n<meta property=\"og:description\" content=\"New Delhi. \u201cBesides delivering on high growth in terms of Gross Domestic Product, the Government is equally focused on a more comprehensive\u00a0\u2018GDP\u2019, i.e.,\u00a0\u2019Governance, Development and Performance\u2019,\u201d this was stated by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman while presenting the Interim Union Budget 2024, in Parliament today. 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