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The amount will be made available to implement the Prime Minister Particularly Vulnerable Tribal Groups development mission in the next three years under the development action plan for Scheduled Tribes.
The economic agenda for the government's vision focuses on facilitating opportunities for citizens, providing strong impetus to growth and job creation as well as strengthening macroeconomic stability, Union Finance Minister Nirmala Sitharaman has said.
Economic empowerment of women is one opportunity which can be transformative in achieving our vision by focusing on the above areas, said the Finance Minister.
Presenting the last full Budget of the second term of the BJP-led NDA government ahead of the general elections in 2024, Finance Minister Nirmala Sitharaman said the mission of the government is to achieve knowledge-driven economy.
Nirmala Sitharaman is widely expected to announce 10% to 12% increase in budget allocations for health, education and rural projects.
Sitharaman will present her fifth straight budget at a time when the economy is slowing due to global headwinds and specific sectors need attention.
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Going by the capex multiplier estimated for the country, the economic output of the country is set to increase by at least four times the amount of the capex, the Survey said.
Though the International Monetary Fund (IMF) has sounded of a global economic slowdown, we remain cautiously optimistic about the Indian economy and the GDP to maintain reasonable growth momentum. India could see growth between 6.5 and 7.1 per cent during FY2022–23 and 5.5–6.1 per cent in the following year.
The Economic Survey is the government's review of how the economy fared in the past year.
The session commenced with the maiden address of President Droupadi Murmu to the joint sitting of both Houses of Parliament.
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