Finance Minister Nirmala Sitharaman will most likely present the Union Budget for the 2024-25 fiscal year in the last week of July, reported PTI. It is likely that the finance minister will hold a pre-budget consultations with industry chambers on June 20, sources told PTI on Sunday.
Industry sources said the pre-budget consultation with Sitharaman would be preceded by a meeting with Revenue Secretary Sanjay Malhotra on June 18. The 2024-25 Budget is likely to lay out Modi 3.0 government’s economic agenda.
The finance minister will have to look at measures to boost growth without hurting inflation and look for resources to meet the coalition government’s compulsion. The economic agenda would include steps to fast-rack reforms to make India a USD 5-trillion economy in the near future and turn the country into a ‘Viksit Bharat’ by 2047.
The Reserve Bank of India (RBI) estimated that the Indian economy is projected to grow 7.2 per cent in the current fiscal on the back of improving rural demand and moderating inflation. The announcement regarding the Budget 2024 comes after RBI announced its highest-ever dividend of Rs.2.11 lakh crore for FY24.
Read more at: Hindustan Times
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