Budget Session: President Murmu addresses both Houses of Parliament before economic survey
India is set to become the world's third-largest economy, Murmu said while addressing the joint sitting of Parliament on Friday.
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The Budget Session started with President Droupadi Murmu addressing both Houses of Parliament. She began her speech by remembering the victims of the stampede at the Kumbh festival in Prayagraj and former Prime Minister Manmohan Singh, who died on December 24, 2024.
India is set to become the world's third-largest economy, Murmu said while addressing the joint sitting of Parliament on Friday.
Key takeaways from the President's speech
- President Murmu says the government is trying to provide farmers reasonable pricing for their produce and enhance their income.
- She emphasised that the administration is making crucial choices at a rapid speed to spur economic growth and development.
- Highlighting the government's commitment to supporting farmers, President Murmu stated that Rs 41,000 crore has been distributed to millions of farmers under the PM-Kisan Samman Nidhi scheme.
- She also underlined major policy reforms, including the proposal for 'One Nation, One Election', which aims to synchronize elections across the country, and the Waqf Bill, which seeks to introduce transparency in the management of Waqf properties.
- She also focused on youth empowerment and job creation. She emphasised the government's ongoing efforts to increase educational opportunities and generate new employment to capitalise on India's demographic dividend.
- The President also reaffirmed the government's commitment to homeownership for the middle class, ensuring that housing schemes enable families to achieve their dream of owning a home.
- She pointed out that government initiatives have successfully lifted 25 crore people out of extreme poverty, reinforcing the administration's focus on economic inclusion and social upliftment.
- She underlined the growing threats posed by digital fraud, cybercrime, and deepfake technology. She reaffirmed the Modi government's commitment to strengthening cybersecurity measures to safeguard social, financial, and national security interests.
- Government is working towards modernisation and self-reliance in the agriculture sector while focusing on boosting farmers' income: Murmu
- Government has accorded top priority to the welfare of tribal people who were ignored for decades even after India gained Independence.
Before President's speech, PM Modi made his remarks to the media outside the Parliament building.
Nirmala Sitharaman Finance Minister is also set to release the Economic Survey 2024-25 today.
This annual document provides a comprehensive review of the country's economy, highlighting its performance, key challenges and prospects. The document is prepared by a team led by Chief Economic Adviser V Anantha Nageswaran.
Read More - Budget Session: PM Modi addresses media before Parliament joint session
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