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The 2024 Union Budget of India [1] (ISO: 2024 Ke liye Bhārat Kā Saṅghīya Bajaṭ) was presented by Finance Minister, Nirmala Sitharaman on 23 July 2024. This was the first budget of Narendra Modi led NDA government 's third term .
The 2024 Interim-Union Budget of India [1] provides comprehensive information regarding the projected revenue and government spending for the fiscal year 2024–25, commencing on 1 April 2024 and concluding on 31st March 2025.
The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India is the annual budget of the Republic of India set by Ministry of Finance for the following financial year, with the revenues to be gathered by Department of Revenue to identify planned government spending and expected government revenue and the expenditures gathered by ...
Budget (in crore rupees) FY Reference Andhra Pradesh ₹ 279,279 crore (US$33 billion) 2023-24 [1] Arunachal Pradesh ₹ 29,657 crore (US$3.5 billion) 2023-24 [2] Assam ₹ 321,000 crore (US$38 billion) 2023–24 [3] Bihar ₹ 261,885 crore (US$31 billion) 2023–24 [4] Chhattisgarh ₹ 121,500 crore (US$14 billion) 2023–24 [5] Delhi
The defence budget of India was increased to ₹ 621,940 crore (US$73 billion) in the 2024-2025 union budget from ₹ 593,538 crore (US$69 billion) during last year. This year’s defence budget accounts for 1.89% of the country’s projected gross domestic product (GDP) for 2024-25.
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
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The document outlines strategies for making India a $5 trillion economy by 2024–25. [ 10 ] [ 11 ] This includes strengthening the invisible hand of the Indian economy through trust in pro-business government intervention and trust in the markets; [ 12 ] while at the same time moving away from "pro-crony" policy and focusing on ethical wealth ...