A budget with 'vision and action' will boost the economy: PM Modi

NEW DELHI: Prime Minister Narendra Modi congratulated the finance minister, Nirmala Sitharaman, and his team on Saturday for presenting the first budget of the decade. He said the Budget has vision and action, and has further strengthened the government's commitment to a minimum government, a maximum government.

The main areas of employment are agriculture, infrastructure, textiles and technology. In order to increase employment generation, these four have been given much emphasis on this Budget, Modi said in a statement.

Underlining that youth skills development has also been emphasized in the budget, Modi said: India will now move to become a key member of the global value chain. The skill sets necessary for the development of a modern and new India have been focused.

The reforms announced in the budget will boost employment in the country and help double farmers' incomes, the prime minister said.

Live plus He also outlined that the goal to develop 100 airports in the country is very important for the tourism sector of the country. In tourism, there is plus possibility of employment/income generation with lesser investment.

The government unveiled measures aimed at facilitating the growth of micro, small and medium enterprises (MSMEs) in the country and reducing their compliance burden, including increasing the turnover threshold for auditing their accounts to Rs 5 crore and a scheme to provide subordinated debt to MSME entrepreneurs.