Budget 2024-2025 highlights

The key features of the Budget for the year 2024-2025, with a focus on the vision of “Viksit Bharat by 2047,” aiming for a prosperous India in harmony with nature and modern infrastructure. The development mantra emphasizes “Sabka Saath, Sabka Vikas, Sabka Vishwas,” focusing on comprehensive development for all and the trinity of demography, democracy, and diversity. The budget highlights the goal of developing India by 2047 with a focus on people-centric inclusive development, empowering the youth, welfare of farmers, Nari Shakti, and strategies for sustainable development.

The budget emphasizes people-centric inclusive development, focusing on significant achievements such as the substantive development of physical, digital, and social infrastructure, promoting formalization and financial inclusion through Digital Public Infrastructure (DPI), proactive inflation management, and the comprehensive development of all parts of the country as active participants in economic growth. The document also highlights the empowerment of youth through skill development, fostering entrepreneurial aspirations, and increasing budget allocation for PM-SHRI. Additionally, the welfare of farmers is addressed through direct financial assistance, increased procurement of wheat and rice, crop insurance, and the integration of mandis under e-NAM. The budget also emphasizes the empowerment of women through initiatives such as Mudra Yojana loans disbursed to women entrepreneurs, increased female enrollment in higher education, and the rise in female labor force participation rate.

Furthermore, the budget presents strategies for sustainable development, focusing on achieving ‘Net Zero’ by 2070, promoting non-fossil fuel energy capacity, and the adoption of e-vehicles for public transport. The budget also outlines initiatives for infrastructure and investment, inclusive development in aspirational districts, health, housing, tourism, agriculture, and food processing. It also highlights the resilient performance of the Indian economy, achievements of taxation reforms, tax proposals, allocation for specific ministries and major schemes, and receipts and expenditure.

In conclusion, the Budget for 2024-2025 aims to foster comprehensive development, inclusive growth, and sustainability, with a focus on empowering all segments of society, promoting economic resilience, and steering India towards a prosperous future in alignment with the vision of “Viksit Bharat by 2047.” The document presents a detailed roadmap for achieving these goals through a range of initiatives and strategies across various sectors, emphasizing the government’s commitment to fostering a harmonious and progressive India.

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