Key Highlights of India’s Budget 2024
On February 1, Nirmala Sitharaman, the Union Finance Minister, presented her sixth budget to the nation strategically as an interim budget in view of the upcoming general elections towards the end of this year. The Interim Budget 2024 sought to focus on youth and women’s empowerment while maintaining fiscal discipline and continuing capital expenditure. Significantly, FM Sitharaman reduced the fiscal deficit target for FY25 to 5.1% of GDP, reflecting an intent towards prudent economic governance amidst changing global and domestic…