In her Budget 2024 speech, Finance Minister Nirmala Sitharaman Thursday said besides delivering on high growth in terms of Gross Domestic Product, the Indian government is equally focused on a more comprehensive ‘GDP’ i.e. ‘Governance, Development and Performance’.

“With confidence arising from strong and exemplary track record of performance and progress earning ‘Sabka Vishwas’, the next five years will be years of unprecedented development, and golden moments to realise the dream of developed India @ 2047,” Sitharaman said.

“The trinity of demography, democracy and diversity backed by ‘Sabka Prayas’ has the potential to fulfill aspirations of every Indian,” the Finance Minister added.

Development & Performance

Sitharaman said the Indian government, led by PM Modi, has provided transparent, accountable and people-centric trust-based administration with citizen first and minimum government and maximum governance approach.

“There is macroeconomic stability, investments are robust, economy is doing well, people are doing well, with greater aspirations for future, average real income has increased by 50 per cent, inflation is moderate, people are getting empowered to pursue their aspirations, there is effective and timely delivery of programmes and large projects,” the Finance Minister said.

Economy Then & Now

Sitharaman said the Indian economy has been put firmly on a sustainable growth path with all round development. “It is now appropriate to look at where we were then till 2014 and where we are now, to draw lessons from the mismanagement of those years. Government will lay a whitepaper on the table of the House,” she said.

“Exemplary track record of governance, development and performance, effective delivery and Jan Kalyan has given the government trust, confidence and blessings of the people to realise whatever it takes to realise the goal of Viksit Bharat,” the Finance Minister said.

She further said the vision of PM Modi-government for Viksit Bharat is that of prosperous Bharat, in harmony with nature, with modern infrastructure and providing opportunities for all to reach their potential

“Next five years will be years of unprecedented development and golden moments to realise the goal of developed India by 2047,” she added.

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GDP=Governance, Development, Performance: FM spells out growth mantra with Trinity of democracy, demography, diversity