February 1, 2022
2 mins read

Budget 2022: Sitharaman hails India’s strong resilience

The Finance Minister said that India’s economic growth in the current year is estimated to be 9.2 per cent, the highest among all large economies….reports Asian Lite News

Presenting the Union Budget, Finance Minister Nirmala Sitharaman on Tuesday said that overall sharp rebound and recovery of the economy is reflective of India’s strong resilience.

“Overall sharp rebound and recovery of the economy are reflective of India’s strong resilience,” Sitharaman said while addressing the Parliament today.

FM Sitharaman began her presentation of Budget 2022 by expressing empathy with those who were affected by the adverse health and economic effects of the COVID-19 pandemic.

The Finance Minister said that India’s economic growth in the current year is estimated to be 9.2 per cent, the highest among all large economies.

“During Amrit Kaal, our government aims to achieve the vision for India@100 set out by the Prime Minister in his Independence Day Address,” she said.

Sitharaman on Tuesday began the presentation of the Union Budget 2022-23 by expressing empathy to those who died due to COVID-19.

“I want to take a moment to express my empathy for those who had to bear adverse health and economic effects of the pandemic,” the Union Minister said while presenting her fourth Budget in the Parliament.

Before the presentation, a Union Cabinet meeting was held which approved the Budget 2022-23.

Earlier today, Sitharaman met President Ram Nath Kovind ahead of the Budget presentation. She was accompanied by Ministers of State for Finance Pankaj Chaudhary, Bhagwat Karad and other officials from the Ministry.

In an attempt to go green, the Union Budget for 2022-2023 was presented in a paperless format. Sitharaman read out the Budget at the Parliament through a tab, instead of the traditional ‘bahi khata’.

On Monday, she tabled this year’s Economic Survey, centred around the theme of “Agile approach”, which forecasted India’s economy to grow by 9.2 per cent during Financial Year 2021-22 and by 8-8.5 per cent in fiscal 2023 beginning 1 April.

The budget session of Parliament began on Monday with the address by President Ram Nath Kovind to both Houses in the Central Hall.

The first part of the Union Budget Session of Parliament will be held from January 31 to February 11 and the second part of the Budget Session will take place from March 14 to April 8. (ANI)

Previous Story

MEDIA SCAN: Indian economy to remain fastest-growing and US blocks Pakistan diplomat over terror link

Next Story

US blocks Pak nominee for envoy

Latest from Economy

India: 5th Largest Economy

At the heart of this transformation is India’s youth—a demographic powerhouse with over 65% of the population under 35….reports Asian Lite News The journey from 1947’s independence, through the trauma of Partition,

Journey towards Viksit Bharat

As India embarked on its fast-paced human centric developmental journey to become a developed country “Viksit Bharat @2047” by the time it completes the century of the independence, the past decade has

Modi urges India to become self-reliant

PM says that India achieved its 2030 target of achieving 50 per cent energy capacity from clean resources, five years ahead of schedule…reports Asian Lite News Prime Minister Narendra Modi on Friday

Pakistan in the Dark: Power Crisis Boils Over

Regular power outages are a fact of life in Pakistan, but recent developments suggest that the situation is escalating to new extremes….writes Nasir Khattak In early January 2025, a nerve-breaking power outage
Go toTop

Don't Miss

Alliance talks underway, says Kamal Hassan

Hassan’s MNM which was founded in 2018, is celebrating seven

India starts exporting Pinaka weapon systems to Armenia 

The first lot of the Pinaka multi barrel rocket launcher