Seven is believed to be a lucky number, and the FM has announced that the Budget will focus on seven areas for growth. These include inclusive development, reaching last mile, infrastructure and investment, unleashing potential, green growth, youth power, and the financial sector. The Finance Minister described the seven priorities as the “Saptrishis (seven sages) guiding us through Amrit Kaal”.
Sitharaman has indicated that the Indian economy has increased in size. It has moved from being the 10th to the fifth largest in the world in the last nine years. “In the 75th year of Independence, the world has recognised India as a bright star. Our growth for the current year is estimated at 7 per cent. This is the highest among all major economies, in spite of massive global slowdown caused by the pandemic and the war,” said Sitharaman, who said Budget 2023 is the “first Budget of Amrit Kaal and the blueprint for India @100”.
By way of explanation, Amrit Kaal...