In her first post-budget interview with the NDTV Network, Finance Minister Nirmala Sitharaman discussed the confidence instilled by Modi Government 2.0 and outlined a vision for a Developed Bharat by 2047. In a candid conversation with NDTV’s editor-in-chief Sanjay Pugalia, the FM delved into various aspects of the budget and government policies. Here’s a comprehensive breakdown of the interview:
Q1. Confidence in Governance:
Reflecting on the absence of major populist announcements in the interim budget, Sitharaman attributed the government’s confidence to its track record of implementing public welfare schemes effectively over the past decade. She emphasized that the Modi government’s commitment to its promises has garnered trust and support from the public.
Q2. Non-Populist Approach:
Contrary to the trend of making populist announcements during elections, the Finance Minister highlighted the government’s focus on providing a transparent account of its expenditure and progress. She reiterated that the interim budget aimed to showcase the benefits derived by the people from government schemes and the path towards development.
Q3. Public Confidence and Governance:
Sitharaman underscored the swift implementation of government schemes, which bolstered public confidence in the leadership of Prime Minister Narendra Modi. She noted that the absence of overtly populist announcements was a strategic decision based on the positive reception of existing initiatives.
Q4. Controlling Inflation and Empowerment:
Discussing the government’s approach to inflation control, Sitharaman emphasized the importance of targeted interventions over blanket subsidies. She highlighted initiatives aimed at empowering citizens to make informed decisions for their families, rather than fostering dependency on the government.
Q5. Employment Generation and Social Welfare:
Addressing concerns about the balance between social welfare and employment generation, Sitharaman reiterated the government’s commitment to creating opportunities for self-employment and entrepreneurship. She emphasized the role of government schemes in facilitating job creation, both directly and indirectly.
Q6. Infrastructure Investment and GDP Growth:
Regarding infrastructure investment, Sitharaman acknowledged the importance of capital expenditure in driving economic growth. While specific targets may be revisited in the future, she emphasized the significant increase in infrastructure spending from a higher base.
Q7. Private Sector Participation in Infrastructure:
Sitharaman expressed optimism about increased private sector participation in infrastructure projects, highlighting the government’s facilitative role in creating an enabling environment for investment.
Q8. Public-Private Partnerships (PPP):
Acknowledging challenges in PPP frameworks, Sitharaman affirmed the government’s commitment to refining existing models to attract private investment.
Q9. Disinvestment Policy and Privatization:
On the subject of disinvestment, Sitharaman reiterated the government’s stance on strategic divestment while ensuring the value of public sector enterprises is duly considered.
Q10. Innovation Fund and R&D:
Highlighting the National Research Foundation’s role in funding innovation, Sitharaman emphasized the government’s support for institutions driving research and development.
Q11. Development Focus on Northeast and Eastern States:
Sitharaman outlined the government’s focus on holistic development across regions, including the Northeast and Eastern states, emphasizing their potential as engines of growth.
Q12. Infrastructure Development and Ease of Living:
Discussing infrastructure development, Sitharaman reiterated the government’s commitment to enhancing the ease of living through improved connectivity and amenities.
Q13. Women Empowerment Schemes:
The Finance Minister highlighted the positive response to schemes aimed at women’s empowerment, emphasizing their role in fostering entrepreneurship and innovation.
Q14. Solar Plan for Middle-Class Homes:
Explaining the solar plan, Sitharaman outlined initiatives aimed at promoting affordable housing and renewable energy adoption among the middle class.
Q15. Land Reforms and Accessibility:
Regarding land availability and affordability, Sitharaman assured proactive measures to address concerns and collaborate with state governments where necessary.
Q16. Development Plans for South India:
Responding to queries about South India, Sitharaman underscored the region’s existing strengths in infrastructure and human capital, highlighting opportunities for further development.
Q17. Defence Expenditure and Self-Reliance:
Discussing defence spending, Sitharaman emphasized the government’s focus on self-reliance and innovation in the defence sector.
Q18. White Paper on UPA Government:
On the proposed white paper, Sitharaman highlighted the need to address past irregularities transparently, aiming to restore investor confidence and showcase the government’s achievements.
Q19. Global Uncertainty and Economic Risks:
Expressing concern over global uncertainties, Sitharaman emphasized the need for resilience and adaptability in navigating potential challenges to India’s growth trajectory.
From confidence in governance to strategic economic policies, Finance Minister Nirmala Sitharaman’s insights shed light on the government’s vision for inclusive development and prosperity in India.
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