He said that real growth sector comes from four different sources -- consumption, investment, government expenditure, and net exports.
The Minister alleged that the BJP government was privatising public sector undertakings and rendering many people jobless.
Sitharaman underlined that the nation's growing and aspiring needs and demands across the various sectors cannot be served just by the state government and central governments put together.
The Centre is planning for green hydrogen auctions within the next 3-4 months to further this agenda, said Power Minister R K Singh.
Thee Union Budget has now taken this ambitious measure that would consequentially eliminate the most decisive part in promoting justice – the 'Oral Hearing'.
COVID-19 didn't deter Centre from taking reforms to ensure India's long-term growth: Nirmala Sitharaman
She reiterated that India's approach to the COVID-19 resulted in a retraction in the pandemic.
The Union budget is aimed at ensuring development, growth and reform, says FM
Replying to the Budget debate in the Rajya Sabha, the minister attacked the opposition Congress failing to utilise the entire amount allocated in the Budgets when they were in power.
Besides providing 'quick short term solutions', Sitharaman said that the government is also looking at "long term sustainable growth".
Congress leader Shaktisinh Gohil alleged that the budget helped the rich capitalists and was asking the poor, the oppressed and the downtrodden to become 'atmanirbhar' (self-sufficient).
Rejecting the budget, P Chidambaram hit out at the ruling dispensation, charging it with incompetent economic management.
Lok Sabha proceedings were extended till mid-night to accommodate members' participation in the discussion on Budget proposals.
Shashi Tharoor said the budget has reduced expenditure on defence and healthcare, and delivered a blow to the economic system.
The former chief of Delhi BJP said that even experts are surprised with the provisions of the budget that had been made despite adverse situations arising due to the coronavirus pandemic.
She noted that the government trusts its taxpayers and has adopted a distinctly agnostic approach by using technology in assessment and appeal cases.