Page 8 - The Indian EYE 020521

NATION February 05, 2021 | The Indian Eye 8

govt claims the budget has put india on a

new path of V-shaped recovery

India would become a USD 5 trillion economy, says Anurag Thakur;

S Jaishankar talks about a 11 % growth in the current year

Our Bureau here, Thakur said India and
other countries faced economic
New Delhi slowdown due to lockdown and

inance Minister Nirmala other measures taken to contain
Sitharaman said on Thurs- the spread of the pandemic. “But
Fday that the union budget India stood strong. The econo-
presented earlier this month my is witnessing a V-shaped re-
marks a clear directional change covery,” he said.
for the Indian economy and He said the union budget
seeks to raise non-tax resources presented earlier this month will
at a time when the country needs give a boost to various sectors.
a lot of money to spend. “The recent budget has no new
Addressing FICCI’s national taxes on the people of this coun-
executive committee meeting via try,” he said, adding that Modi
video conferencing here today finance Minister Nirmala sitharaman Government “is development-
she said infrastructure, health driven”.
and agriculture were three large He said all sections of people
areas where big-ticket expendi- have appreciated the budget ex-
ture will happen. “This budget cept the opposition parties. The
marks a clear directional change minister said that the revised
for the Indian economy and that estimates (RE) 2020-21 for ex-
directional change is not what penditure is 34.50 lakh crore
the government has offered as as against budgetary estimates
a sudden response, but it was (BE) 2020-21 of 30.42 lakh crore.
something that was preoccupy- External Affairs S Jaishan-
ing the Indian minds for over 30 kar said on Saturday that the
years,” she said. country is expected to see 11 per
“It’s a budget which raises GDP cent growth in the coming
resources but not on the back year. Addressing a press confer-
of increased taxation. There is a ence here, he also said Andhra
directional change in the budget Anurag Thakur with Nirmala sitharamanon the budget day Pradesh will get the kind of sup-
which is so distinct that it will fuel port it needs to open up possi-
the entrepreneurial spirit which participate in this inevitable ex- market-driven way. “That itself bilities in sectors such as manu-
the Indians show given the right ercise. Industry, having cleared will bring in efficiency.” facturing, food processing and
opportunities,” she added. all its debts and finances, should The government, she said, agriculture. “Our expectation is
The Finance Minister said now be in a position to invest has taken a confident, trust- that we’ll get double-digit 11 per
the government has not bur- money to expand and grow and worthy and transparent account- cent plus growth in the coming
dened any section of Indian soci- clearly show signs that it is now ing statement in the budget. year. The issue for us is between
ety “with any additional demand ready to receive any joint ven- According to an official re- corona recovery and economic
for even an additional rupee”. tures for the sake of technology lease, FICCI President Uday recovery, what is the future di-
The minister said the gov- that it prefers to have,” she said. Shankar said the most satisfying rection we should be going. This
ernment is confident that it will The minister said the govern- aspect of this budget is that they time, it was clearly indicated by
be bringing in non-tax revenue ment alone, even if it brings bags “did not see much tinkering of the budget,” he said.
other than just disinvestments full of money, cannot just meet taxes” and this adds to policy cer- He said that development
through various other monetiza- the demand of the growing and tainty and investor confidence. of Andhra Pradesh will also be
tion of assets. She urged the in- aspirational India,” Meanwhile, Minister of State boosted by multiple corridors
dustry to come forward to make Referring to Development for Finance Anurag Thakur said passing through it.
investments. Financial Institutions (DFI), on Saturday that the Indian econ- “Andhra Pradesh will get the
“I hope the industry will un- Sitharaman said the government omy is witnessing a V-shaped re- kind of support it needs to open
derstand the spirit with which the will enable one DFI and the en- covery after challenges posed by up its possibilities, whether in the
budget is placed before you and tire financing of long-term infra- COVID-19 pandemic. field of manufacturing, food pro-
therefore also come forward to structure will happen in a very Interacting with the media cessing, or agriculture,” he said.

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