Union Budget Highlights: Infrastructure Spending, Economic Growth, and Social Development
Enhanced Infrastructure Investments
The Union Budget for 2024-25 has allocated a substantial sum of Rs 40,000 crores for capital expenditure, marking an impressive 111% increase compared to the previous fiscal year.
Economic Growth Projections
Finance Minister Nirmala Sitharaman projected India's real GDP growth rate to reach 7.3% in FY 2023-24, highlighting the country's robust economic fundamentals.
Interim Union Budget 2024-2025
Speech by Hon'ble Finance Minister Nirmala Sitharaman
On February 1, 2024, Finance Minister Nirmala Sitharaman presented the Interim Union Budget for 2024. The budget emphasizes comprehensive infrastructure development, including physical, digital, and social infrastructure, as well as the promotion of formalization and financial inclusion.
Sabka Saath, Sabka Vikas, Sabka Vishwas
Guided by the principle of "Together for All, Development for All, Trust of All," the Union Budget aims to foster inclusive growth and address the aspirations of all sections of society.
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