Budget 2024 Highlights: Sitharaman underscores vision for 2047
Sitharaman says the Narendra Modi government overcame those challenges and undertook structural reforms.
Union finance minister Nirmala Sitharaman on Thursday presented the interim budget ahead of the end of the 2024 Lok Sabha elections. This marks her sixth Budget as the finance minister and the last in the second term of the Modi government. Sitharaman adhered to tradition on Thursday by visiting President Droupadi Murmu before unveiling the pre-election Budget for 2024-25. She met with the President at Rashtrapati Bhawan before proceeding to Parliament.
President Murmu extended her best wishes to the finance minister. Subsequently, the Union Cabinet convened to approve the Budget.
Prior to the formal presentation in Parliament, the Cabinet, led by Prime Minister Narendra Modi, approved the Budget for the fiscal year 2024-25.
Sitharaman faces the challenge of maintaining India’s status as the world’s fastest-growing economy while demonstrating fiscal responsibility and meeting public expectations of tax reductions in an election year. Official estimates project the economy to expand by 7.3 per cent in the current fiscal year.
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