Kolkata: Union Finance Minister Nirmala Sitharaman on Sunday said the Centre has laid the foundation of increasing consumption in the Budget.
She also pitched for rationalisation of GST rates once a year and not every three months as was the trend so far.
“I think we have laid the foundation for increasing consumption, ensuring that capex (capital expenditure) and government’s investments will go towards spending on building of assets in infrastructure which should have cascading effects both in the short term and in the long term,” Sitharaman told reporters.
She said, “In order to address rural distress, 16 focused action points have been announced in the budget. So I expect all this will lead to a five trillion dollar economy.”
