New Delhi:
Prime Minister Narendra Modi praised his government's latest budget ahead of the Lok Sabha elections and said capital expenditure will reach a record high of Rs 11,11,111 crore while keeping the fiscal deficit under control and hitting a “sweet spot”.
Speaking in Hindi after Finance Minister Nirmala Sitharaman presented the 2024 interim budget, the Prime Minister said the decisions will not only promote the development of advanced 21st century infrastructure but also lead to the generation of 'countless' new employment opportunities for young people.
Saying that the Budget reflects the young aspirations of young Bharat, Prime Minister Modi said two major decisions have been taken in this direction – setting up a Rs 1 lakh-crore fund for research and innovation, and increasing tax exemption for startups.