With an eye on the upcoming Lok Sabha elections, due by May, Finance Minister Piyush Goyal, on Friday, made major announcements for the middle-class, farmers, and unorganized sector workers.
Highlighting the key achievements of the NDA government in the five years that it has been in power, Goyal went on to chart a roadmap for India's immediate future.
Here are the highlights.
India is aspiring to become a $10 trillion economy
Speaking on the state of the Indian economy, Goyal said that India is poised to become a $5 trillion economy in the next five years, and is aspiring to become a $10 trillion economy in the next eight years.
He highlighted a 10-year roadmap to improve ease of living and transform India into a pollution-free country marked by world-class electric transport and hi-tech energy storage devices.
Electric vehicles would reduce dependence on oil imports
"This [new] India will drive on electric vehicles. We would not have to import oil and will produce electricity on our own domestically," Goyal said, while announcing his vision of India in 2030.
Key areas of thrust for the government
Goyal added that the government would focus on nine key sectors for the development of next-gen infrastructure.
Key areas of thrust would include higher digitization, clean and green technologies, and rural industrialization using modern industrial techniques.
Further, rivers, oceans, and coastlines would be cleaned up for supply of clean drinking water, and the government would focus on achieving self-sufficiency in food.