Budget 2024 Highlights: Nirmala Sitharaman Lists 9 Developmental Priorities in 83-Minute Budget Speech
Finance Minister Nirmala Sitharaman presented the Union Budget 2024 with a sharp focus on economic continuity, infrastructure growth, and inclusive development. Delivered in an 83-minute address, this budget marks her sixth consecutive presentation and aligns closely with the government's long-term vision for Viksit Bharat 2047.
The budget outlines nine key priorities aimed at driving sustainable growth, technological advancement, and social welfare.
Top 9 Developmental Priorities in Budget 2024
Empowered Youth
Focus on skill development, job creation, and entrepreneurship through digital platforms and industrial training programs.
Inclusive Development
Continued support to marginalized communities, with enhanced allocation for rural housing, sanitation, and women-led self-help groups.
Sustainable Agriculture
Increased support for natural farming, digital crop mapping, and better MSP delivery. Boost to agri-startups and rural infrastructure.
Infrastructure Investment
Capital expenditure raised significantly to ₹11.1 lakh crore. Emphasis on roads, railways, urban transport, and green logistics.
Green Growth
Push for solar rooftop schemes, electric vehicle (EV) infrastructure, and green hydrogen mission to transition toward net-zero goals.
Financial Sector Stability
Reforms to deepen the corporate bond market, digital public infrastructure, and access to credit for MSMEs and startups.
PM Gati Shakti and Logistics
Continued integration of multi-modal transport systems with a focus on reducing logistics costs and improving freight efficiency.
Digital Governance
Expansion of AI-driven governance tools, citizen-centric services, and digital capacity-building in government sectors.
Women and Child Welfare
Special schemes for maternal health, nutrition, and financial inclusion of women. Focus on girl child education and safety.
Key Economic Indicators and Allocations
Fiscal Deficit Target: 5.1% of GDP for FY2024–25
Capital Expenditure: ₹11.1 lakh crore (an increase of 11.1%)
Defence Allocation: ₹6.2 lakh crore
Green Energy Allocation: ₹20,000 crore for National Green Hydrogen Mission
PM Awas Yojana (Urban + Rural): ₹80,000 crore
Sector-wise Focus
| Sector | Budget Highlights |
|---|---|
| Infrastructure | Massive boost to capital spending, highways, railways |
| Agriculture | Digital public infra, tech-enabled farm practices |
| Health & Education | New nursing colleges, skill development for youth |
| Clean Energy | Solar rooftop, bio-energy, green hydrogen investments |
| Women Empowerment | SHG support, housing, nutrition and credit access |
FAQs
Q1: What was the duration of Nirmala Sitharaman’s Budget 2024 speech?
The speech lasted 83 minutes and focused on growth, inclusion, and fiscal discipline.
Q2: What is the total capital expenditure outlay for FY2024–25?
The government has allocated ₹11.1 lakh crore for capital expenditure, continuing its push for infrastructure-led growth.
Q3: What is the fiscal deficit target set in Budget 2024?
The fiscal deficit is projected at 5.1% of GDP, indicating a gradual move toward fiscal consolidation.
Q4: How does Budget 2024 support women and children?
Special emphasis on maternal and child nutrition, skill training for women, SHG empowerment, and safety initiatives.
Q5: What are the green energy highlights of this year’s budget?
₹20,000 crore has been allocated for the Green Hydrogen Mission, alongside solar rooftop schemes and EV charging infra.
Q6: How is youth empowerment addressed in this budget?
The budget promotes skill development through digital training programs, job-oriented schemes, and innovation support for young entrepreneurs.
Published : On 9th July
Published : Pankaj
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