Report | Intelligent Investment
House View – Interim Budget 2024-25
February 1, 2024 10 Minute Read
Finance Minister Nirmala Sitharaman presented the Interim Budget 2024-25 amidst the government revising the GDP growth projections for FY2024-25 to close to 7% despite concerns over geopolitical risks, such as the Red Sea crisis, impacting global inflation and economic output.
With the goal of achieving "Viksit Bharat" – becoming a developed nation by 2047 – the government actively pursued fiscal consolidation, social empowerment initiatives, and green growth strategies.
Ahead of the full-fledged Budget anticipated in July 2024, the finance minister deftly navigated the challenges of achieving a sharper fiscal consolidation, prioritising targeted welfare measures in the election year, and maintaining the momentum of infrastructure development. The focus areas of the government remained around sustained infrastructure spending, clean energy and EVs, rural and middle-class housing, expansion of medical colleges and medical facilities, and promoting foreign investments.
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