Finance Minister Nirmala Sitharaman is gearing up to present the full Budget for the fiscal year 2024-25 on July 23, marking a significant moment in India’s economic policy under Prime Minister Narendra Modi’s third term. The announcement was made by Union Minister Kiren Rijiju, confirming that the Budget session of Parliament will commence on July 22 and extend until August 12.
In a statement on X, Rijiju underscored the approval from President Droupadi Murmu for summoning both Houses of Parliament, emphasizing the forthcoming Budget’s pivotal role in shaping India’s economic trajectory. Sitharaman, who previously presented an interim Budget ahead of the Lok Sabha elections, is set to deliver her seventh consecutive Budget, a record-breaking achievement in India’s fiscal history, surpassing Morarji Desai’s precedent.
Amidst the backdrop of a BJP government without a standalone majority, expectations for the Budget are running high. President Murmu’s recent address hinted at “many historic steps” and a robust agenda aimed at accelerating reforms in alignment with national aspirations for rapid development.
Anticipations are particularly focused on potential revisions to the income tax structure, which could potentially increase disposable income for middle-class and salaried individuals. This prospect has been a key point of interest among stakeholders eagerly awaiting the Budget’s unveiling.
As the nation prepares for this landmark Budget session, all eyes are on Sitharaman to navigate economic challenges and steer policies that reflect the government’s commitment to growth, reform, and inclusive development.
