Budget To Introduce ‘Historic Steps’ Aiming For India To Become 3rd Largest Economy: President Murmu

President Droupadi Murmu, in her address to Parliament on Thursday, emphasized that the forthcoming Union Budget would embody the government’s comprehensive policies and forward-looking vision. She highlighted that the budget would feature significant economic and social decisions, as well as historic initiatives.

President Murmu stated, “The pace of reforms will be further accelerated in tune with the aspirations of the people of India for rapid development. My Government believes that there should be healthy competition among the states to attract investors from all over the world.”

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She noted India’s remarkable economic progress over the past decade, rising from the 11th to the 5th largest economy globally. From 2021 to 2024, India has maintained an average annual growth rate of 8 percent, achieving this amidst the challenges of the COVID-19 pandemic and various global conflicts.

“Today, India alone is contributing 15 percent of the global growth,” President Murmu stated. She affirmed the government’s commitment to making India the third largest economy in the world, which would lay the foundation for a developed nation.