Union Budget 2024-25: An In-depth Analysis
Earlier today, Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2024-25 in Parliament. This marks her seventh budget and the first of Prime Minister Narendra Modi's government's third term. Economic Outlook and Priorities In her speech, the Finance Minister emphasised India's robust economic growth, contrasting it with global economic uncertainties. "India's economic growth continues to be the shining exception and will remain so in the years ahead," she stated. Despite better-than-expected global economic performance, significant risks to growth and inflation persist. The budget outlines nine key priorities: enhancing agricultural productivity, boosting employment and skills, promoting inclusive human resource development and social justice, strengthening manufacturing and services, advancing urban development, ensuring energy security, expanding infrastructure, fostering innovation and R&D, and implementing next-g...