How many priorities were adopted in the Union Budget for the financial year 2023-24?

The correct answer is 7.

Key Points

• The Union Budget 2023-24 adopted seven priorities, referred to as the "Saptarishi" to guide India's Amrit Kaal journey.
• The seven priorities are Inclusive Development, Reaching the Last Mile, Infrastructure and Investment, Unleashing Potential, Green Growth, Youth Power, and Financial Sector.
• Each priority is aligned with the vision of fostering sustainable economic growth and achieving India's long-term development goals.
• These priorities reflect the government's commitment to inclusivity, innovation, and environmental sustainability in policymaking.
• The Union Budget 2023-24 was presented by Finance Minister Nirmala Sitharaman on February 1, 2023.

Additional Information

• Amrit Kaal:
  • A term introduced by the government to define the 25-year period leading up to India’s centenary of independence in 2047.
  • It emphasizes India's vision for inclusive and sustainable development during this transformative era.
• Green Growth:
  • One of the seven priorities aimed at promoting sustainable practices and reducing carbon emissions.
  • Includes initiatives like green hydrogen, energy transition, and renewable energy expansion.
• Reaching the Last Mile:
  • Focuses on ensuring that the benefits of government schemes and initiatives reach the underserved and marginalized sections of society.
  • Includes targeted development for tribal regions and vulnerable groups.
• Infrastructure and Investment:
  • Aims at enhancing capital investment to boost economic growth and job creation.
  • Proposes an increased capital expenditure of ₹10 lakh crore for the fiscal year 2023-24.