Nirmala Sitharaman's 7th Budget Presentation: Aiming for Viksit Bharat by 2047

Tuesday, 23 July 2024, 03:56

Finance Minister Nirmala Sitharaman is presenting her 7th Union Budget today, aimed at reshaping India's economic future. With the focus on tax relief for the middle class and a commitment to reduce the fiscal deficit to 4.5% of GDP by 2025-26, this budget is termed crucial for Viksit Bharat (developed India) by 2047. Amidst expectations and previous changes in format, Sitharaman's budget aims to provide a clear financial roadmap for India's growth.
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Nirmala Sitharaman's 7th Budget Presentation: Aiming for Viksit Bharat by 2047

Overview of the Union Budget 2024

Finance Minister Nirmala Sitharaman is set to present her 7th Union Budget in the Parliament today. This year's budget presentation is particularly significant as it aims to outline a financial roadmap for achieving Viksit Bharat (developed India) by 2047.

Key Expectations from the Budget

  • Tax relief for the middle class is highly anticipated.
  • The fiscal deficit target aims to be reduced to 4.5% of GDP by 2025-26.

Sitharaman's first budget in 2019 marked the transition from the traditional leather briefcase to a 'bahi-khata'. This year's presentation continues the paperless format established in previous years.

Upcoming Updates - Stay tuned for real-time updates on the Union Budget 2024.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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