He further noted that India remains the world’s fastestgrowing major economy.
“When in 2013-14 the last budget of Dr Manmohan Singh’s government was presented, it was Rs 16 lakh crore. Today, in our government, it has increased by three times and reached Rs 48 lakh crore,” he said.
The Prime Minster was addressing the industry at the inaugural session of ‘Journey Towards Viksit Bharat: A Post Union Budget 202425 Conference’ organised by CII at Vigyan Bhawan in New Delhi.
PM Modi said that capital investment, known as the most productive medium of resource investment, has seen significant growth in his term compared with previous government.
PM Modi said that in 2004 when the UPA government assumed power, their first budget’s capital expenditure was Rs 90,000 crore. In their 10-year rule, the UPA government was able to increase capital expenditure to Rs 2 lakh crore. Now, in 2024, it is more than Rs 11 lakh crore.
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