Union Budget Live: World has recognised India as bright star, says FM

The Union Cabinet headed by Prime Minister Narendra Modi on Wednesday approved the Budget for the fiscal year 2023-24 (April 2023 to March 2024), sources said.

Following this, Finance Minister Nirmala Sitharaman will present the Budget in the Lok Sabha.

The world has recognised India as a bright star as the country is recording healthy economic growth despite global uncertainties, Finance Minister Nirmala Sitharaman said on Wednesday.

India’s growth at 7 per cent in the current fiscal is the highest among major economies and the Indian economy is on the right track, she said in her Budget speech.

In the 75th year of Independence, the world has recognised India as a bright star, the minister said, adding the world appreciates India’s achievements.

The economy is pegged to grow by 7 per cent in FY23 (2022-23) and 6.5 per cent (6.0-6.8 per cent) in FY24 as the global environment remains rife with uncertainty.