Nirmala Sitharaman: Women Empowerment Symbol In Rising India!

 

Nirmala Sitharaman, the first full-time Finance Minister of India, has made a significant contribution to the nation’s economic growth. Working with Prime Minister Narendra Modi, Sitharamam has driven the economy through challenging times and implemented key reforms and policies that have raised India’s economy to the fifth largest economy in the world by nominal GDP and the third largest in purchasing power parity.

Nirmala Sitharaman, a member of the Rajya Sabha, the upper house of the Indian Parliament, has represented Karnataka since 2016 and previously represented Andhra Pradesh from 2014 to 2016. Her tenure as Finance Minister has included notable achievements and transformative policies. Here, let’s highlight some of those.

Sitharaman began her career as an economist with the Indian Institute of Foreign Trade in 1980. She then worked as a consultant with the World Bank and the Asian Development Bank. In 1991, she joined the Bharatiya Janata Party (BJP) and began her political career. Sitharaman served as the national spokesperson of the BJP from 1996 to 2000.

She was elected to the Rajya Sabha in 2006. In 2014, she was appointed Minister of State for Finance and Corporate Affairs by the Narendra Modi government. In 2017, she was appointed Minister of Defence. In 2019, she was appointed Finance Minister. Finance Minister Sitharaman is the first full-time female finance minister in India. She presented her maiden budget in the Indian parliament on July 5, 2019. The budget was praised for its focus on economic growth and job creation.

Sitharaman has also been praised for her handling of the COVID-19 pandemic. She has introduced several measures to support the Indian economy, including a stimulus package worth 20 lakh crore (US$26 billion). Some of the key policies formulated by N. Sitharaman that triggered the growth of the Indian economy to become the fifth-largest economy are as follows:

• The Production Link Incentive (PLI) scheme
• The Atmanirbhar Bharat Abhiyan (self-reliant India Mission)
• The Startup India initiative
• The Pradhan Mantri Kaushal Vikas Yojana (PMKVY)

Other than these, many other policies were framed and implemented that not only uplifted all sections and people from every walk of life but also compensated for the setbacks or losses due to the pandemic.

Sitharaman has received several awards and honours, including:

The Padma Bhushan, India's third-highest civilian award, will be awarded in 2020.

The FICCI Ladies Organisation's Woman of the Year award in 2019

The Economic Times Most Powerful Woman in Business Award in 2018

The Fortune India Most Powerful Women in Business Award in 2017

Sitharaman is married to Parakala Prabhakar, a retired Indian Administrative Service officer. They have one daughter.

Nirmala Sitharaman is a strong and capable leader. She is a role model for women in India and around the world. She is a rising star in Indian politics, and she is expected to play a major role in shaping India's economy and society in the years to come. In addition to the achievements mentioned above, Sitharaman has continuously taken the following steps as Finance Minister:

She has introduced several reforms to make the Indian economy more competitive.

She has increased spending on infrastructure and education.

She has launched several schemes to support the poor and middle class.

Sitharaman has faced some challenges as Finance Minister, including the COVID-19 pandemic and the economic slowdown. However, she has taken steps to address these challenges, and she is committed to promoting economic growth and job creation.

Sitharaman is a strong and capable leader who is committed to serving the people of India. She is a rising star in Indian politics, and the nation is expecting her to play a major role in shaping India's future.