In a sweeping address following the Union Budget 2024, Prime Minister Narendra Modi praised the new fiscal measures as a game-changer for India's economy. Modi emphasised that the budget’s focus on empowering Micro, Small, and Medium Enterprises (MSMEs) and the middle class aligns with his vision of making India a global manufacturing hub. He highlighted how the MSME sector, predominantly owned by the middle class, is crucial for job creation and economic growth. Modi’s statement reflects a commitment to bolstering this sector, which he sees as pivotal in driving the nation's economic advancement and addressing poverty.

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