Union Budget consultations done, Sitharaman set to announce measures and reforms on July 23
Nirmala Sitharaman has wrapped up consultations with industry and social sector representatives ahead of presenting her seventh Union Budget on July 23, the Finance Ministry said in a statement on Sunday.
The pre-budget consultations for Union Budget 2024-25 began on June 19 and concluded on July 5, 2024, the ministry said.
This marks the first full budget of Modi 3.0, aimed at charting the course for a developed India by 2047.
President Droupadi Murmu recently hinted at significant economic decisions during her address to Parliament last month. In her first address to the joint sitting of Parliament since the constitution of the 18th Lok Sabha, the President said, «This budget will be an effective document of the government's far-reaching policies and futuristic vision». «Along with major economic and social decisions, many historic steps will also be seen in this budget,» she said.
During in-person consultations, over 120 invitees from 10 stakeholder groups, including experts, farmer associations, trade unions, education, health, employment, MSMEs, industry, economists, financial sectors, and infrastructure sectors, participated.
Union Budget 2024 will likely focus on women, middle-class and agri sector
Sitharaman chaired these meetings, attended by Minister of State for Finance Pankaj Chaudhary, alongside senior officials like Finance Secretary T V Somanathan, Economic Affairs Secretary Ajay Seth, DIPAM Secretary Tuhin K Pandey, Financial Services Secretary Vivek Joshi, and Revenue
