Finance Minister's Budget Speech 2024 | Indian Economy for UPSC CSE PDF Download

 Page 1


GOVERNMENT OF INDIA
INTERIM BUDGET 2024-2025
SPEECH
OF
NIRMALA SITHARAMAN
MINISTER OF FINANCE
February 1,  2024
Page 2


GOVERNMENT OF INDIA
INTERIM BUDGET 2024-2025
SPEECH
OF
NIRMALA SITHARAMAN
MINISTER OF FINANCE
February 1,  2024
Page 3


GOVERNMENT OF INDIA
INTERIM BUDGET 2024-2025
SPEECH
OF
NIRMALA SITHARAMAN
MINISTER OF FINANCE
February 1,  2024
 
CONTENTS 
 
PART – A 
 Page No. 
Introduction 1 
Inclusive Development and Growth  2 
Social Justice  3  
Exemplary Track Record of Governance,  
Development and Performance (GDP) 7 
Economic Management 8 
Global Context 9 
Vision for ‘Viksit Bharat’ 10 
Strategy for ‘Amrit Kaal’ 11 
Infrastructure Development 17 
Amrit Kaal as Kartavya Kaal 22 
Revised Estimates 2023-24 23 
Budget Estimates 2024-25 23 
PART – B 
Direct taxes 25 
Indirect Taxes  26 
Economy – Then and Now 28 
  
  
Page 4


GOVERNMENT OF INDIA
INTERIM BUDGET 2024-2025
SPEECH
OF
NIRMALA SITHARAMAN
MINISTER OF FINANCE
February 1,  2024
 
CONTENTS 
 
PART – A 
 Page No. 
Introduction 1 
Inclusive Development and Growth  2 
Social Justice  3  
Exemplary Track Record of Governance,  
Development and Performance (GDP) 7 
Economic Management 8 
Global Context 9 
Vision for ‘Viksit Bharat’ 10 
Strategy for ‘Amrit Kaal’ 11 
Infrastructure Development 17 
Amrit Kaal as Kartavya Kaal 22 
Revised Estimates 2023-24 23 
Budget Estimates 2024-25 23 
PART – B 
Direct taxes 25 
Indirect Taxes  26 
Economy – Then and Now 28 
  
  
Page 5


GOVERNMENT OF INDIA
INTERIM BUDGET 2024-2025
SPEECH
OF
NIRMALA SITHARAMAN
MINISTER OF FINANCE
February 1,  2024
 
CONTENTS 
 
PART – A 
 Page No. 
Introduction 1 
Inclusive Development and Growth  2 
Social Justice  3  
Exemplary Track Record of Governance,  
Development and Performance (GDP) 7 
Economic Management 8 
Global Context 9 
Vision for ‘Viksit Bharat’ 10 
Strategy for ‘Amrit Kaal’ 11 
Infrastructure Development 17 
Amrit Kaal as Kartavya Kaal 22 
Revised Estimates 2023-24 23 
Budget Estimates 2024-25 23 
PART – B 
Direct taxes 25 
Indirect Taxes  26 
Economy – Then and Now 28 
  
  
1 
 
Interim Budget 2024-2025 
Speech of 
Nirmala Sitharaman 
Minister of Finance 
February 1, 2024 
Hon’ble Speaker,  
 I present the Interim Budget for 2024-25.  
Introduction 
1. The Indian economy has witnessed profound positive 
transformation in the last ten years. The people of India are 
looking ahead to the future with hope and optimism. 
2. With the blessings of the people, when our Government 
under the visionary and dynamic leadership of Hon’ble Prime 
Minister Shri Narendra Modi assumed office in 2014, the country 
was facing enormous challenges. With ‘Sabka Saath, Sabka 
Vikas’ as its ‘mantra’, the Government overcame those 
challenges in right earnest. Structural reforms were undertaken. 
Pro-people programmes were formulated and implemented 
promptly. Conditions were created for more opportunities for 
employment and entrepreneurship. The economy got a new 
vigour. The fruits of development started reaching the people at 
scale. The country got a new sense of purpose and hope. 
Naturally, the people blessed the Government with a bigger 
mandate.