Budget outlines vision for a confident India with economy set to grow to $5 trillion by 2027: Defense Minister Rajnath Singh

NEW DELHI: Union Defense MinisterRajnath Singh, on Thursday, expressed optimism about the provisional Union budgetdescribed it as a blueprint for a “confident, strong and self-reliant Viksit Bharat” and foresaw the Indian Business rising to over $5 trillion by 2027.
In one posted on the social media platform, the government's commitment to transform India into a developed nation by 2047.
Although it was an interim budget, Sitharaman's proposals were praised by Singh, who expressed confidence in the economic development outlined. “The evidence we have received from this budget suggests that the size of our economy, currently among the five largest in the world, will exceed $5 trillion by 2027. It is expected to cross $7 trillion by 2030,” Singh told reporters outside Parliament.
On the government’s ambitious 2047 target, Singh stated unequivocally: “We will achieve this target. We are completely confident.”
Singh went back to and technology development.
Reflecting on India's resilience during the Covid-19 pandemic, Singh underlined the country's role as a beacon of hope and praised the Budget for being in line with Prime Minister Modi's 'Panchamrit goals'. He lauded the 11.1% increase in capital expenditure for the financial year 2024-25, amounting to Rs 11.11 lakh crore, and asserted that this significant investment would make India a five trillion dollar economy by 2027.
“This Budget paves the way for the next five years of unprecedented growth,” Singh concluded in his post.