Our economy’s fundamentals are very strong, says Modi

Prime Minister Narendra Modi on Wednesday said the tax benefits for startups in the budget will motivate youngsters to innovate.

Modi while addressing BJP workers and leaders on Budget 2022 said, We have also provided tax benefits for startups in this budget. The provisions done for youth innovation and Research and Development (R&D) will motivate our youngsters to innovate.”

He further said that the government is set to kickstart Ease of Doing Business 2.0. We have all faced the pandemic together and strongly. Our economy’s fundamentals are strong, the direction is right and our pace is rapid, he added.

The Prime minister said that the Budget proposes to make a four-fold increase in public investments from UPA years; will open up immense opportunities: In 2013-14, public investment was at just Rs 1.87 lakh crore. In this year’s budget, we have pegged it at Rs 7.5 lakh crore. Compared to UPA, this has seen a 4X rise. This will promote FDI and will create modern infrastructure in the country, he said.

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