Union Finance Minister Nirmala Sitharaman on Saturday in her budget speech said the government sees the next five years as an opportunity to do development for all (Sabka Vikas) to promote balanced growth of all regions.
The Finance Minister said India’s development story for the last 10 years and structural reforms have got global attention.
In Lok Sabha on Union Budget 2025, Sitharaman said, "Our economy is the fastest growing among all major economies. Our development track record for the past 10 years and structural reforms have drawn global attention. Confidence in India's capability and potential has only grown in this period. We see the next 5 years as a unique opportunity to realise sabka vikas, stimulating balanced growth of all regions."
Sitharaman said this budget has development measures in around 10 areas which focus on the poor, youth, farmers and women.
"In this Budget, the proposed development measures span 10 broad areas, focussing on the poor, youth, farmers and women," she said.
The Union Finance Minister also announced a Nuclear Energy Mission to drive India’s transition to clean energy as per the goal of Vikshit Bharat (developed India).
To facilitate more private sector participation, amendments to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act will be introduced. A dedicated research and development initiative for Small Modular Reactors (SMRs) will be launched with an outlay of Rs20,000 crore. At least 5 indigenously developed SMRs are expected to be operational by 2033.
"Nuclear Energy Mission for Viksit Bharat. Development of at least 100 GW of Nuclear energy by 2047 is essential for our energy transition. For active partnerships with the private sectors towards this goal, amendments to the Atomic Energy Act and Civil Liability for the Nuclear Damage Act will be taken out..." she said.
The budget has set the path for India’s growth, on economic empowerment, industrial progress and societal well-being. With a strong record and big targets, the government is determined to take the country forward in the next few years.
