Interim Budget 2024 – Key Highlights

Finance Minister Ms Nirmala Sitharaman presented the last budget of the incumbent NDA government at the parliament on 1 February 2024. Sitharaman, who is India’s first full-time woman finance minister, presented her sixth consecutive budget. At 58 minutes, it was also her shortest presentation.

Interim Budget 2024 carefully avoided populist measures and sweeping policy changes, which is somewhat of a norm with interim budgets. The speech was also generously peppered with highlights of the Modi government’s achievements in the 10 years. Pragmatic spending targets and fiscal deficit reduction aside, the interim budget does have its share of announcements. Here are the key highlights of the budget, all encapsulated in one place!

The Budget Highlights

The finance minister started by stating that the government is driven by the goal of a Vikasit Bharat by 2047. Ms Sitharaman said that the Prime Minister believes in four pillars of development, known as GYAN. It stands for Garib, Yuva, Annadata and Narishakti. Focus was also stressed on a more comprehensive GDP, i.e., Governance, Development and Performance.

Fiscal Announcements
MSME and Entrepreneurship
Real Estate
Energy and Power
Medical & Healthcare
Agriculture and related sectors
Travel and tourism
Special Highlights: The India Growth Story


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