After the Finance Minister P Chidambaram presented the Union Budget 2008-09 on Friday, Prime Minister Manmohan Singh made his comments.
Prime objective of the Budget is to ensure growth and reasonable price stability, said the prime minister.
Loan waiver of farmers is generous and unorthodox on part of the Government, he added.
The prime minister on Friday acclaimed the Union Budget 2008-09 as pro-agriculture and pro-investment, saying the measures announced would address the problems of the critical farm sector and would lead to overall development of the economy.
Complimenting the move for development of stock markets and investment opportunities, he said listing of more PSUs would help the sentiment.
"There are good prospects for PSUs... markets are thirsty for good chips," he said on the finance minister's initiative for listing of more public sector companies through part divestment to unleash their potential.
Singh also acknowledged that the government has made a generous gesture in announcing a loan waiver for farmers.
"A lot more jobs will be created in the next few years," commented the prime minister.
Singh said the Budget made an attempt at removing regional inequalities by aiding development in backward states like Bihar, Orissa and Madhya Pradesh.
He, however, said while the Central Government made allocations, it was for the states to ensure the implementation of schemes at the ground level.
The prime minister said the sluggish growth rate in the agricultural sector was a matter of concern and noted that government would raise investment in the area to 16 per cent of the GDP.
He said a number of initiatives have been announced by the finance minister to encourage farmers and make them active partners in the accelerated economic growth.
Singh said except for the Women's Reservation Bill, the Government has made beginnings on all other points listed in the UPA's Common Minimum Programme.