India will implement more reforms to boost economic growth, including higher spending in farm sector and easing collateral-free loans to small businesses, President Ramnath Kovind told lawmakers on Thursday.
"Inflation is low, fiscal deficit is under control and foreign exchange reserves are rising ... Now India is moving towards becoming the world's fifth largest economy," Kovind said while addressing the joint session of parliament, ahead of the annual budget.
Newly appointed Finance Minister Nirmala Sitharaman will present the annual budget on July 5.
Kovind said the penal provisions for crimes committed against women should be strictly enforced.
He added that to ensure equal rights for every woman, social evils like 'triple talaq' must end.
"Empowerment of women is one of the highest priorities of my government. The empowerment of women and their effective participation in society and economy is the test of a developed society," Kovind said.
The President said the new government would serve everyone and was committed to fight corruption.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)