Finance Minister Nirmala Sitharaman presented her maiden Budget for the fiscal year 2019-20 on Friday. She pointed out that India needs to make structural reforms to achieve $5 trillion economy in the next few years.
Sitharaman said the NDA government had set the ball rolling for a 'New India' in its first term and programmes will be accelerated and red tape reduced going forward.
Presenting the first Budget of the Modi government in its second term, she said the Indian economy, which stood at $1.85 trillion five years back, has reached $2.7 trillion now, and is within capacity to reach $5 trillion in the next few years.
Here are the reactions of political leaders on Sitharaman's budget:
Citizen and development friendly, future oriented budget: Narendra Modi
Prime Minister Narendra Modi described the Union Budget as citizen friendly, development friendly and future-oriented, and one which will empower the poor and provide better future to the youth.
Terming the Budget a "green Budget", he said it focuses on the environment and pitches for green and clean energy. He said the Budget underlines structural reforms in the agricultural sector and has a road map to transform the farm sector and doubling farmers' income.
PM Narendra Modi: The middle class will progress with this budget, development work will expedite even more. The tax structure will simply and infrastructure will modernize https://t.co/hpyIHqXR4L
— ANI (@ANI) July 5, 2019
Budget ignites spirit of hope for India to be $5 trillion economy: Amit Shah Terming the Union Budget futuristic, BJP president Amit Shah said it reflects the prime minister's vision where farmers prosper, the poor lead a life of dignity, the middle class gets its due and Indian enterprise a boost.
Finance Minister @nsitharaman ji presents a #BudgetForNewIndia which lays the foundation of an inclusive & progressive nation, whose rise is powered by the hardwork of 130 crore Indians. The budget gives wings to India’s farmers, youngsters, women and poor to fulfil their dreams. — Amit Shah (@AmitShah) July 5, 2019
Shah, also the Union Home Minister, said the Budget highlights the "exemplary" work done in key sectors relating to the economy, housing, infrastructure and the social sectors over the last five years. It ignites a spirit of hope that India can become a $5 trillion economy in the coming years, he added.
It also sets the stage for fulfilling our collective dreams of water for every citizen, ensuring electricity connectivity across India and boosting manufacturing especially in sunrise sectors, Shah said, adding that the Budget will enable India to become a more vibrant start-up hub.
Budget has taken care of all the sections of society: Rajnath Singh
"By bringing in socio-economic transformation, it is a futuristic Budget. It will be successful in taking India to $5 trillion economy. It has taken care of all the sections of society, be it poor, backward or rich people," Defense Minister Rajnath Singh said.
Inspired by the mantra of ‘Sabka Saath, Sabka Vikas and Sabka Vishwas’ the Union Budget 2019-20 has not only outlined the vision for ‘New India’ but it is also focused on bringing a qualitative change in people’s lives.
— Rajnath Singh (@rajnathsingh) July 5, 2019
By assuring a pukka house and an LPG connection to every household by 2022 the Budget has reaffirmed the Prime Minister’s commitment to provide ease of living to common man and also realise the dream of ‘New India’. — Rajnath Singh (@rajnathsingh) July 5, 2019
Budget will prove to be the foundation for new India: Nitin Gadkari
Transport and MSME Minister Nitin Gadkari said the the promotion of electric vehicles and allied infrastructure is set to transform the economy and logistic sector. It is one of the biggest step to curb pollution and move towards sustainable development, he added.
this is the vision that 125 cr people of the country required today. We will achieve the target of becoming 3 Trillion Dollar economy this year and MSME sector will contribute half of it. #BudgetForNewIndia
— Nitin Gadkari (@nitin_gadkari) July 5, 2019
Budget represents 'Sabka Sath Sabka Vikas': Yogi Adityanath Hailing the Budget as a roadmap to achieve the target of making India a $5 trillion economy, Uttar Pradesh chief minister Yogi Adityanath said the budget also a step to achieve the goal of development for all.
मुझे विश्वास है कि, यह बजट भारत को पांच ट्रिलियन डॉलर की अर्थव्यवस्था बनाने के विज़न को साकार करने का रोडमैप देने के साथ ही 'सबका साथ,सबका विकास और सबका विश्वास' की परिकल्पना को भी साकार करने की दिशा में मजबूत कदम होगा। — Yogi Adityanath (@myogiadityanath) July 5, 2019
Utterly lacklustre, nondescript, uninspiring and directionless: Randeep Singh Surjewala
Congress spokesperson Randeep Singh Surjewala termed the budget a mundane jugglery of ‘acronyms’. He tweeted:
An utterly lacklustre, nondescript, uninspiring & directionless #Budget2019.
Zero on Economic Revival.
Zero on Rural Growth.
Zero on Job Creation.
Zero on Urban Rejuvenation.
Can a mundane jugglery of ‘acronyms’ pass off for vision for a ‘New India’?
— Randeep Singh Surjewala (@rssurjewala) July 5, 2019
Target to take Indian economy to $5 trillion is worth appreciating: Nitish Kumar
Bihar chief minister Nitish Kumar said the target to take Indian economy to $5 trillion is worth appreciating. He also welcomed the Har Ghar Jal Yojana (tap water to every household) in the Budget.
Repetition of old promises in Budget 2019: Adhir Ranjan Chowdhury
Leader of Congress in Lok Sabha Adhir Ranjan Chowdhury said there is nothing new in Budget 2019 and added that there is no plan for employment generation. "They are talking about new India but the Budget is old wine in a new bottle. Nothing new, no plan for employment generation, no new initiatives," Chowdhury was quoted as saying by ABP Live.
Rosy picture of the economy is based on jugglery: Sitaram Yechury
CPI(M) General Secretary Sitaram Yechury said the finance minister has used February 2019 interim Budget’s revised estimates as the revised estimates for the whole year 2018-19. He said that 99.3 percent corporates will get hefty tax relief but for the majority of Indians, it will be higher priced petroleum products which will feed inflation all-round.
On the massive job crisis that India faces, there is nothing in the Budget. The agrarian distress is also not addressed. No debt-relief and nothing on investment in the sector which is badly required https://t.co/ybSHtGfjh0
— Sitaram Yechury (@SitaramYechury) July 5, 2019
It was manifesto rather than a Union Budget: Ahmed Patel Congress leader Ahmed Patel said that the government provided Rs 70,000 crore bail out to bank defaulters, but there is "zero assistance and zero recognition for farmers facing a severe agricultural crisis". He also tweeted:
More than Gandhipedia we need Gandhian policies that will ensure the defeat of the ideaology of his assassins — Ahmed Patel (@ahmedpatel) July 5, 2019
Terming the budget a manifesto, Patel said the speech by the finance minister had no reference to allocation for farmers. "Because in such details their insincerity would be highlighted. Rhetoric always triumphs in their scheme of things," Patel added.
Updated Date: Jul 05, 2019 17:00:17 IST