In her seventh consecutive budget presentation, the honorable Finance Minister Nirmala Sitharaman outlined the government led by Prime Minister Modi’s clear goals for its third consecutive term: a medium-term economic intervention framework and a road map for fiscal consolidation with an emphasis on job creation, skill development, micro, small, and medium-sized enterprises (MSMEs), as well as the middle class.
With a 4.9% fiscal deficit target for 2024–25 and a predicted decline in the debt-to-GDP ratio, this budget—the first since the BJP-led NDA was re-elected in June—highlights a commitment to fiscal reduction. It stresses infrastructure, agriculture, and job creation while striking a balance between budgetary restraint and increased spending on necessary developmental expenses. Tax reforms are also used to alleviate inequality. Women-led growth and support for MSMEs receive particular attention.
Clear glimpses and insights are provided by CareEdge Budget Analysis, which streamlines the budget’s complexity.
