Madhavi Gaur
September 19, 2023 06:18
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The vision of Amrit Kaal aims to embody an empowered and inclusive economy. The FM envisions a prosperous and inclusive India where the benefits of development reach all regions and citizens.
Amrit Kaal: During her Union Budget 2023 speech, India’s Finance Minister, Nirmala Sitharaman, repeatedly emphasized the concept of “Amrit Kaal,” which translates to the Golden Era. India’s first foray into Amrit Kaal and aimed to build upon the foundations laid in the previous budget while aligning with the blueprint for India@100. The vision is to create a prosperous and inclusive India where the benefits of development are accessible to all.
Amrit Kaal: The term “Amrit Kaal” was initially coined by Prime Minister Narendra Modi during the 75th Independence Day celebrations in 2021. At that time, he introduced this concept while unveiling a new growth roadmap for India’s next 25 years. PM Modi articulated that Amrit Kaal aimed to enhance the quality of life for Indian citizens and bridge the development gap between rural and urban areas. It also sought to embrace new technology while minimizing government interference in people’s lives.
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Origin of the term “Amrit Kaal” can be traced back to Vedic astrology, where it denotes a crucial period during which gates to greater pleasure and prosperity open for humans, angels, and other creatures. It signifies an auspicious time to initiate new endeavors.
The Indian Budget 2023 is guided by seven priorities, known as the “Seven Saptarishis,” which are as follows:
The vision of Amrit Kaal aims to embody an empowered and inclusive economy. The Finance Minister envisions a prosperous and inclusive India where the benefits of development reach all regions and citizens, with a particular emphasis on youth, women, farmers, OBCs, Scheduled Castes, and Scheduled Tribes.
It is characterized by an empowered and inclusive economy, includes a technology-driven and knowledge-based economy with robust public finances and a strong financial sector. Achieving this vision requires active participation through Jan Bhagidari under the banner of Sabka Saath Sabka Prayas.
The overarching theme of the budget is “Sabka Saath Sabka Vikas,” reflecting the government’s commitment to inclusive development, encompassing farmers, women, youth, OBCs, Scheduled Castes, Scheduled Tribes, people with disabilities, and economically disadvantaged sections, with a special focus on regions like Jammu & Kashmir, Ladakh, and the North-East. This budget builds on these efforts to foster inclusive and equitable development.
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