Union Finance Minister Nirmala Sitharaman presented the Union Budget 2019 for the second term of Prime Minister Narendra Modi. Soon after the Budget 2019, Congress leader Jyotiraditya Scindia said that budget does not have a content and called the budget session a table thumping gathering. He added that the Budget had nothing on the anticipated job creation. He also added that the governement's plan of a Zero Budget farming is cannot result in doubling of farming incomes.
He further added on investment and banking sector that banks are burdened with a high rate of non-performing assets and a liquidity crisis is afflicting NBFC’s & FDI levels. He said that it is at their lowest in 6 years, while unemployment at a 45year high. Taking the above as premise he said that the 5 trillion economy seems like a distant dream.
Exactly at 11 AM, FM Nirmala Sitharaman rose to present the Budget for 2019-2020. The tempo right from the start was charged with the recalling of the promises of Modi Government before this election- the promise of delivering on a “New India” and with that-- the slogan of Budget 2019 was set. Within 5 minutes the speech, Finance Minister Sitharaman stated about Prime Minister Modi's vision of 5 trillion dollar economy. The Budget 2019 highlighted that Modi govt 2.0 is charged on the goal to make India a 5 trillion Economy.