Page 12 - NIS English 16-28 Feb 2022

Union Budget | Economy

This time in the budget, one thing which is the most special,
and the most different is - Public Investment. How big is
this step and how big its impact will be can be estimated

from the fact that in the year 2013-14, Public Investment
was only Rs1 lakh 87 thousand crores. This is 7 lakh 50
thousand crore rupees in this budget:
- Narendra Modi, Prime Minister

people. Even insisting on demonetisation resulted
in a significant increase in digital transactions
across the country. India is now one of the few
countries that is developing technology policies
with the future in mind. Today, India is embracing
novel approaches to fully harness the power of
technology.
With the slogan of Sabka Saath, Sabka Vikas,
as well as the concept of using technology
for mass development, is providing a new
direction for inclusive growth and progress, In
the decades since, India has opened its market,
become a nuclear power, attained high levels of
development, and lifted millions out of poverty.
Artificial intelligence (AI) is being used to alleviate
poverty, improve farmer livelihoods, and make
life easier for the differently abled. Artificial
intelligence can be created in the coming years
for a variety of applications ranging from cross-
border infiltration and crime control to government
services and natural resource management. It
can also aid in the reduction of property and other
disputes, increased transparency, and the fight
against corruption in India. With the rate at which
a direct beneficiary of government schemes, paving technology is advancing, there may soon be a
the way for the nation's welfare. Administrative pool of millions of certified and accredited skilled
reforms, electricity, rail reforms, curbing corruption, workers and service providers.
tax transparency, GST, one nation, one tax, skill India,
start-up India, digital India, farmers-women have all ACCOUNTABLE SYSTEM WITH PUBLIC
benefited from science and technology. Steps in PARTICIPATION
the right direction are being taken, from changes in Public participation cannot be limited to voting;
the education sector to defence modernization, and it can become a powerful medium for realising all of
decades of pending projects are being completed, the nation's hopes and dreams. The government's
which previously seemed impossible. thinking has improved India's image in the world.
Prime Minister Narendra Modi is believed to The most important factor paving the way for a new
come from a school of thought that believes in India is public participation, and the government's
problem solving. No other leader has embraced strong, decisive leadership is also taking quick
digital technology in the way he has. There is a lot and decisive decisions with accountability. The
of evidence of how he has used it in politics and Prime Minister's vision for budget reforms is very
policy. Its hallmark has emerged, from the election clear in this regard: "We did the budget a month
campaign to the adoption of Aadhaar by over a billion

10 New India Samachar February 16-28, 2022