'Trinity of democracy, demography and diversity': Nirmala Sitharaman on Budget 2024

The BJP-led government at the Centre, according to Finance Minister Nirmala Sitharaman, has adopted an approach to development that is “all-round, all-inclusive and all-pervasive” (also known as “sarvangin,” “sarvasparshi,” and “sarvasamaveshi”). She also claimed that the three pillars of “Democracy, Demography, and Diversity” can help realize the dreams of every Indian. The Indian economy has seen a significant positive transition over the past ten years, according to Finance Minister Nirmala Sitharaman, who made this statement during the presentation of her sixth budget ahead of the Lok Sabha elections. “The next five years will be the years of unprecedented development. Trinity of democracy, demography and diversity can help fulfil the aspirations of every Indian. The Indian economy has witnessed a profound positive transformation in the last 10 years, The people of India are looking ahead to the future with hope and optimism,” the Finance Minister said in her budget speech. Sitharaman stated that the goal of her government’s development strategy is to create India a “Viksit Bharat” (Developed Bharat) by 2047, encompassing all castes and people at all levels. “As our Prime Minister firmly believes, we need to focus on four major castes, they are gareeb (poor), mahilayein (women), yuva (youth) and annadata (farmers). Their needs, their aspirations and their welfare are our highest priority,” Finance Minister said while stating that the main focus of the Interim Budget stands on four pillars. Union Finance Minister Nirmala Sitharaman expressed optimism that the Central government’s good policies and efforts will enable the BJP to win back power for a third time. “Our young country has high aspirations, pride in its present and hope and confidence for a bright future. We expect that our government based on its stupendous work will be blessed again by the people with a resounding mandate,” she said. The Interim Budget 2024 was earlier approved by the Union Cabinet, which was presided over by Prime Minister Narendra Modi. Before the Interim Budget was presented in Parliament, Prime Minister Modi presided over the cabinet meeting. The Finance Minister’s sixth and last budget of the Modi administration’s second term was unveiled today. The budgetary requirements of the transitional phase until a government is formed following the Lok Sabha elections will be met by the interim budget. The next government will propose a complete budget. The Budget Session of Parliament commenced on Wednesday with President Droupadi Murmu addressing a joint sitting of Lok Sabha and Rajya Sabha.