Budget 2023-24: Sitharaman's seven 'Saptarishi' mantras for economy

Finance Minister Nirmala Sitharaman presented, the first budget of Amrit Kaal on Wednesday, projecting it as an inflection point for India's economy. "This is the first budget in Amrit Kaal. The world has recognised Indian economy as a bright star," said Sitharaman.

Amrit Kaal refers to the next 25 years leading to the centenary of India's independence. This period has been pitched by the Narendra Modi government as the time when India can strive to turn into a developed country.

Outlining on her vision for the economy, Sitharaman spoke of seven focus areas which she termed 'Saptarishi' to guide the government.


These Saptarishi priority areas are:
1. Inclusive development
2. Reaching the last mile
3. Infrastructure and investment
4. Unleashing the potential
5. Green growth
6. Youth power
7. Financial sector

Amrit Kaal is a hold-all narrative that includes infrastructural, manufacturing, digital and social growth that makes the country self-reliant and puts the country not only among the developed ones but also its economy in the third slot globally. Vital instruments to achieve such growth are innovation and reform.

Sitharaman had remarked that Budget 2023-24 would offer a blueprint for the Amrit Kaal, effectively outlining strategies that can help India achieve the ambitious target.