Indian Union Budget: Gallant move, no outmoded way of mainstream politics

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    By Sanjay Kumar Garg

    The Indian Union Budget was presented by Finance Minister Nirmala Sitharaman in an hour and a half long speech. The presentation has table-thumping support from the treasury benches and the compatriots from the Bharatiya Janata Party leaders and MPs. The opposition, on the other hand, dubbed the budget as disappointing and accused it of having no substantial value.

    The Indian Union budget was quite different from the previous years. It focused and discussed the importance of growth. The aim, as stated by Minister Sitharaman, is the preparation for ‘India at 100’, which will take decades for reaching the targeted objective. Most of her proposals were hailed by the majority present. At the same time, the opposition expressed vocal criticism when the sale of Air India, the nationalized airline, was mentioned.

    The Union Budget did not take a direct approach when it comes to the fast-moving consumer goods (FMCG) sector. There are several planned government development activities in the infrastructure, mobility and connectivity, especially in the rural areas, which is sufficient to boost up the local economy.

    The National Highway network is set to expand up to 25,000 km by 2023. At the same time, the PM Gati Shakti National Master Plan focuses on railways, ports and airports, mass transport, logistic development and waterways. As a part of planned development, the finance minister stated that the Government has a vision of villages with access to e-services, the same as the urban areas. The Bharat Net project will award the contract for laying optical fibres across the villages.

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    In a holistic approach, this budget is a bold move, which does not go the traditional way of populist politics. Even though there are elections knocking at the door, the Finance Minister, as guided by the PM, did not go the way of cheap gimmicks, which may hurt the nation in the future. The primary focus was wealth creation which will go afar to achieve the goal of nation-building in the coming years.