Budget 2024 latest updates: All you need to know before Nirmala Sitharaman's Interim Budget at 11am
Upstox
2 min read • Updated: February 1, 2024, 8:47 AM
Summary
Interim Budget 2024: Union Finance Minister Nirmala Sitharaman is all set to unveil the Union Interim Budget on February 1, 2024, ahead of the general elections to be held in April and May to elect a new government at the Centre.
Feb 1, New Delhi - Interim Budget 2024 latest updates
As general elections are due in the next two months, the current budget is a vote on account in the parliament. The full Union Budget will be presented by the new government after the elections are over.
Here are important updates on the Union Interim Budget 2024
Around the budget, we have several questions to ask and we want factual and objective answers to those questions. Most of these questions are common in nature for which we often go and search on the web to seek answers. Here is FAQs with an exhaustive list of answers to the common questions on the Union Budget 2024. Please read full story here.
We are a nation of young people who may be very keen to know more about the interim budget and how to read those documents. What is the purpose, significance and importance of this annual exercise that the nation watches with interest? In fact, how it impacts all of us is a key element. For all knowledge seekers, here is a complete guidebook.
In the Economic Review released ahead of the budget, it has been said, “It now appears very likely that the Indian economy will achieve a growth rate at or above 7% for FY24, and some predict it will achieve another year of 7% real growth in FY25 as well. If the prognosis for FY25 turns out to be right, that will mark the fourth year post-pandemic that the Indian economy will have grown at or over 7 per cent. That would be an impressive achievement, testifying to the resilience and potential of the Indian economy. It augurs well for the future.”
Despite the global economy still struggling to recover after the Coronavirus pandemic and supply disruptions because of geopolitical conflicts in 2024, India is quietly confident of weathering the emerging disturbances, the Economic Review document highlighted.
FM Nirmala Sitharaman is expected to highlight the BJP government's 10-year economic performance, but is expected to hold back on expensive schemes to lower the fiscal deficit.