India Budget 2024: Key Points and Resources

Spread the love

Since today is February 1st, 2024, it’s important to clarify that India presented an interim budget on February 1st, 2024, instead of a full budget. This interim budget covers spending for the remaining months of the current fiscal year (2023-24) and provides an estimate for the upcoming fiscal year (2024-25).

Here are some key points about the India Budget 2024:


  • No changes in income tax rates for individuals or corporations.
  • Increased focus on infrastructure spending, with a 16.9% rise in capital expenditure compared to the revised estimate for 2023-24.
  • Continued commitment to fiscal consolidation, aiming to reduce the fiscal deficit to 4.5% of GDP by 2025-26.
  • Focus on social welfare schemes like affordable housing and healthcare.

Specific highlights:

  • Infrastructure: ₹11.11 lakh crore allocated for capital expenditure in 2024-25, focusing on railways, roads,and urban infrastructure.
  • Social welfare: 2 crore more houses under PM Awas Yojana (Gramin) in the next 5 years, increased target for creating “Lakhpati Didis” (women entrepreneurs) from 2 crore to 3 crore.
  • Healthcare: Vaccination program for cervical cancer prevention, combined maternal and child health care scheme.
  • Other: Emphasis on developing the eastern part of India, subsidy for construction of affordable houses in rural areas.


1 thought on “India Budget 2024: Key Points and Resources”

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.