Union Budget 2024-25
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Budgetary action — an allocation, fiscal policy change, or expenditure decision shaping how public resources flow. Reveals government priorities and affects programme implementation capacity.
Summary
First full budget of NDA III government with focus on employment and skilling (Rs 2 lakh crore for 5 schemes), new income tax regime slabs, abolition of angel tax, and Rs 11.11 lakh crore capex allocation for infrastructure.
Key Facts
TypeBudget
SourceHistorical Record
PublishedTuesday, 23 July 2024
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
4 Labour Codes consolidating 29 laws
Key Authorities
Key Stakeholders
Government Context
NDA IIIBJP-led NDA
LeftCentreRight
Amendment History
1 change recorded for this policy.
DescriptionFriday, 24 July 2026via cbga
An important comparative point in relation to the Union Budget for 2024-25 is with regard to the evaluation as to how effectively it builds on the interim budget’s preliminary projections on ‘Viksit Bharat’ by 2047. The interim budget, presented in February 2024, was widely perceived to have set the stage for a vision of a ‘Viksit Bharat’ … Continue reading "After Union Budget 2024-25: Evaluating Progress and Addressing Gaps in Integrated WASH Financing" The post After Union Budget 2024-25