Budget 2024: Highlights and Key Summary

The Indian government is set to present its interim budget for the financial year 2024-25 on February 1, 2024, focusing on government spending before the general elections later in the year

The budget might include populist measures like tax breaks, boosts to welfare programs, and infrastructure spending to woo voters

Allocations towards key sectors like agriculture, education, and healthcare will provide insights into the government's priorities

The revised fiscal deficit for FY24 is 58% of GDP, with a target to reduce it to below 4.5% by FY26.

The number of tax filers has increased 24 times since 2014, and direct tax collection has tripled since then.

The budget includes plans to build 2 crore more houses under the Pradhan Mantri Awas Yojana and establish a corpus for research and innovation in sunrise domains

Women empowerment measures include making triple talaq illegal, reserving 1/3rd seats for women in the Lok Sabha and state assemblies, and granting over 70% of PM Awas Yojana houses in rural areas to women

The budget aims to provide free electricity through rooftop solarization to 1 crore households and achieve net zero by 2070 in renewable energy

Long-term interest-free loans will be provided to states for tourism development

The budget focuses on meeting the needs of the poor, women, youth, and farmers, and aims to make India a developed country by 2047 with inclusive development