India's Full Budget 2024: Focus on Agriculture, Employment, and Revenue Growth
The upcoming budget is likely to prioritize agriculture, employment, and revenue growth, with a focus on capital expenditure and GST simplification.
Union Budget 2024Modi 30AgricultureEmploymentRevenue GrowthGst SimplificationReal Estate MumbaiJun 14, 2024
According to a report by The Economic Times, the budget will focus on simplifying GST and reducing tax compliance burdens. This is in line with Prime Minister Narendra Modi's instruction to develop a 100-day plan, which may have components in the upcoming budget.
The government also plans to extend its production-linked incentive (PLI) schemes to encompass more sectors that generate significant employment, such as the leather industry. This move is expected to promote growth and development in various sectors.
Finance Minister Nirmala Sitharaman's previous budget was a vote on account, which focused on economic policies that foster growth, facilitate inclusive development, improve productivity, and create opportunities for various sections. The budget also noted that it will pay utmost attention to the eastern region, including the states of Bihar, Jharkhand, Chhattisgarh, Odisha, and West Bengal, to make them growth engines as part of the goal to make India a developed country by 2047.
This will be Finance Minister Nirmala Sitharaman's 7th budget presentation in a row.
The Economic Times is a leading Indian business newspaper that provides news and updates on business, economy, and finance. Nirmala Sitharaman is the current Finance Minister of India and has presented several budgets since taking office.
The Government of India is responsible for presenting the Union Budget, which outlines the country's financial plans and policies for the upcoming fiscal year. The budget is typically presented by the Finance Minister in the Parliament.
Frequently Asked Questions
When is the full budget likely to be presented?
July 22, 2024
What are the key focus areas of the budget?
Agriculture, employment, revenue growth, and GST simplification
What is the goal of the government's 100-day plan?
To promote growth and development in various sectors
Which regions will the budget focus on?
The eastern region, including the states of Bihar, Jharkhand, Chhattisgarh, Odisha, and West Bengal
Who will present the budget?
Finance Minister Nirmala Sitharaman
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