Union Budget 2024 Summary. Nirmala sitharaman, outlines key economic projections, policy initiatives, and strategic directions for india’s development. The budget expectations are high with wishlist from each sectors, and expectations for salaried taxpayers of substantial income tax relief with changes in the new income tax regime, standard deduction, and incentivising.

The government’s first budget in october is going to be painful, the prime minister said, adding he has no other choice and those with the broadest shouldest. Finance minister nirmala sitharaman presented the union budget on july 23, 2024, outlining the modi 3.0 government’s plan to make india a developed country by 2047.