Union Budget 2024: Nirmala Sitharaman Presents Historic Seventh Budget Focuses On Tax Reform, MSP Increases, And Economic Growth Amid Global Uncertainty

Sitharaman emphasized the need to focus on the country’s poor, youth, women, and farmers, announcing higher minimum support prices (MSPs) for all major crops, in line with the promise of a 50% increase in MSP costs. The budget’s theme centers on employment, skill development, MSMEs, and the common man, with a special focus on generating opportunities across sectors.

A significant component of the budget is the announcement of a package of five schemes aimed at providing employment to 4.1 crore youth. Additionally, a substantial allocation of ₹1.48 lakh crore has been designated for education and employment initiatives. Sitharaman also promised a detailed roadmap for achieving a ‘Viksit Bharat,’ outlining sustained efforts on nine key priorities to drive the nation towards comprehensive development.