Union Budget 2024-25 to Focus on Economic Growth and Infrastructure

Government Announces Increased Capital Expenditure Outlay

The Government of India has announced that the Capital Expenditure Outlay for FY 2024-25 will be increased by 111 per cent to Rs 40000 crore. This significant increase in spending is expected to boost economic growth and create jobs.

Railways to Receive Major Boost

The Indian Railways will be a major beneficiary of the increased capital expenditure. 1000 normal rail bogies will be converted to high-speed ones, and 500 new Vande Bharat trains will be manufactured.

Budget to Address Global Uncertainties

The Union Budget will also address the ongoing global uncertainties, including the potential economic slowdown in the US and Europe, as well as conflicts in different parts of the world. The government is expected to announce measures to mitigate the impact of these factors on the Indian economy.

Infrastructure Development to Take Center Stage

Infrastructure development will be a key focus of the budget. The government is expected to allocate significant funds for projects in areas such as transportation, energy, and water resources.

Finance Minister to Present Budget on July 23

Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-2025 on July 23, 2024, at 11:00 AM. The budget is eagerly anticipated by businesses, investors, and the general public.