Budget 2024: Finance Minister Nirmala Sitharaman’s 6th Budget in a row, months ahead of Lok Sabha polls

Union Finance Minister Nirmala Sitharaman presented the interim Budget today, months ahead of the Lok Sabha polls. (Express Photo by Tashi Tobgyal)

The Budget session of Parliament kicked off on January 31 and will continue till February 9. (Express Photo by Tashi Tobgyal)

The Budget report indicates an anticipated real economic growth of 7% in the coming year, with growth being driven by healthy domestic demand and supply side measures. (Express Photo by Tashi Tobgyal)

The Budget reflects the continuation of the lower tax regime for individuals introduced in 2020. This regime eliminates investment-related deductions or exemptions, offering a simplified structure with more tax slabs. The objective was to benefit individuals unable to make investments for claiming deductions. (Express Photo by Tashi Tobgyal)

The Budget reiterates India's ambition to become the third-largest global economy, aiming for a GDP of $5 trillion within the next three years, and says that it can aspire to become a $7 trillion economy by 2030. (Express Photo by Tashi Tobgyal)

The government, in alignment with its fiscal strategy outlined in the 2021-22 Union budget speech, maintains a fiscal deficit target of below 4.5% by the fiscal year 2025-26. Despite a current fiscal deficit of 5.9% in 2023-24, a reduction of 1.4 percentage points is outlined for the target year. (Express Photo by Tashi Tobgyal)

Budget 2024 is likely to be a report card of the Modi government’s triumphs over the last decade. (Express Photo by Tashi Tobgyal)