Key Summary of the Union Budget 2024-2025

Jul 24, 2024

FM on Budgt 2024 25 The Choicest Key highlights are,

1: PM’s package of 5 schemes and initiatives with an outlay of Rs 2 lakh crore to facilitate employment, skilling and other opportunities for 4.1 crore youth in 5 years.

2: For pursuit of Viksit Bharat, the budget envisages sustained efforts on 9 priorities for generating ample opportunities for all.

Despite global economy remaining under the grip of policy uncertainties, India’s economic growth continues to be the shining exception and will remain so in the years ahead. Minister of Finance and Corporate Affairs Smt Nirmala Sitharaman, while presenting the Union Budget 2024-25 in Parliament today said that India’s inflation continues to be low, stable and moving towards the 4 per cent target. Core inflation (non-food, non-fuel) currently is 3.1 per cent and steps are being taken to ensure supplies of perishable goods reach market adequately.

Budget Theme:

Dwelling on the Budget theme, Smt Sitharaman said, turning attention to the full year and beyond, in this budget, we particularly focus on employment, skilling, MSMEs, and the middle class. She announced the Prime Minister’s package of 5 schemes and initiatives to facilitate employment, skilling and other opportunities for 4.1 crore youth over a 5-year period with a central outlay of Rs2 lakh crore. This year, Rs1.48 lakh crore has been allocated for education, employment and skilling.

Budget Priorities:

The Finance Minister said, for pursuit of Viksit Bharat, the budget envisages sustained efforts on the following 9 priorities for generating ample opportunities for all.

1) Productivity and resilience in Agriculture,

2) Employment & Skilling,

3) Inclusive Human Resource Development and Social Justice,

4) Manufacturing & Services,

5) Urban Development,

6) Energy Security,

7) Infrastructure,

8) Innovation, Research & Development and

9) Next Generation Reforms.