PM Modi termed the Union Budget 2020 as a one based on vision and action oriented.
Prime Minister Narendra Modi’s remarks on Union Budget 2020 New Delhi, 01st February 2020. In his remarks after the Union Budget was tabled in the Lok Sabha, the Prime Minister said, “The new reforms announced in the Budget not only give a boost to the economy but also aim at the economic empowerment of every citizen in the country.” “This budget also works towards further strengthening the economy in the new decade”, he said. Focus on Employment Generation PM said the Budget 2020 focuses on major employment generating sectors viz Agriculture, Infrastructure, Textiles and Technology. “The 16 Action Points will help in doubling the farmers income along with increasing the employment generation in the Rural Sector”, he said. “The Union Budget adopts an integrated approach for the Agriculture sector, where the focus apart from Traditional means of cultivation is also on increasing the value addition in horticulture, fisheries and animal husbandry and this in turn would increase employment”, he added. “The efforts in blue economy would bring about more employment to the youth in fish processing and marketing”. Textile Sector Prime Minister said there was a decision on the new machines in the technical textiles. He said Budget also announced the reforms in the raw material duty structure so as to increase the production of man-made fibre in India. Prime Minister said, there was a demand for this reform for the last 3 decades. Health Sector PM said, “The Ayushman Bharat programme has expanded the health sector in the country. This has expanded the scope for more human resources, whether of doctors, nurses or attendants, along with the need for manufacturing of medical devices in the country. And the Government has taken several decisions in this direction” Technology Sector Prime Minister said that the Government has taken several special measures to improve the employment generation in the Technology sector. “We have taken several policy initiatives with regard to Smart Cities, Electronic Manufacturing, Data Centre Parks, Bio-Technology and Quantum Technology. With this India would become an integral part of the global value chain” “Budget focuses skill development of the youth through…