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India s Finance Minister, Nirmala Sitharaman, presented the Union Budget, positioning it as a foundation for developing India into a Viksit Bharat or a developed nation by 2047. The budget, totaling INR 47.66 lakh crore, spans various sectors with a focus on social justice, fiscal prudence, and fiscal deficit reduction. Experts view the budget as laying the groundwork for an empowered and inclusive India, echoing Prime Minister Narendra Modi s vision.
Budget 2024: This Is What India's Leading Entrepreneurs, Celebrities & Business Legends Expect & Hope - Trak.in trak.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trak.in Daily Mail and Mail on Sunday newspapers.
Sitharaman, who has already presented five annual Budgets, will be unveiling an interim Budget for fiscal 2024-25 on February 1 in the Lok Sabha. It will be the last major economic document before the next general elections.
Industry says that it is imperative for the government to take measures to boost economic growth in the country as India marches towards becoming the third largest economy in the coming years.
Industry body CII has suggested launch of National Mission for Advanced Manufacturing to enhance quality and productivity in manufacturing.