India's newly appointed finance minister, Nirmala Sitharaman, presented the country's full-year budget Friday.

It comes on the heels of the country's recent parliamentary elections which saw Prime Minister Narendra Modi win a decisive victory.

The budget will cover the remainder of the fiscal year that started April 1, 2019 and will run until March 31, 2020.

"We need to invest heavily in infrastructure, in digital economy and on job creation in small and medium firms," Sitharaman told the Parliament during her budget speech. She said India is set to become a $3 trillion economy in the current financial year and it will be "well within our capacity to reach $5 trillion in the next few years."