"Navigating the Economic Horizon: Insights from India's 2024 Budget Release"
1. Introduction The Union Budget holds immense significance in India's economic landscape, serving as the government's annual financial roadmap. Anticipation builds each year as citizens, businesses, and experts eagerly await the unveiling of fiscal policies and spending priorities on February 1st. 2. Overview of the Budget Process The Union Budget is meticulously crafted through a comprehensive process involving various stakeholders. It begins with the presentation of the Economic Survey, which provides an overview of the country's economic performance and outlines policy recommendations. Subsequently, the Finance Minister presents the Union Budget in Parliament, detailing revenue projections, expenditure allocations, and policy initiatives aimed at fostering economic growth and development. 3. Highlights of the 2024 Budget Release In the latest budget release for the fiscal year 2024-25, the government unveiled a series of ambitious initiatives to propel India's eco...