The Key Highlights from Finance Minister Nirmala Sitharaman's Budget presentation for 2024-25
1. Allocation for Education, Employment, and Skilling:
- The Budget allocates ₹1.48 trillion towards education, employment, and skilling initiatives.
- This investment aims to empower India's youth, enhance employability, and foster economic growth.
2. Economic Context:
- India's nominal GDP growth (real GDP plus inflation) for the current fiscal year is estimated at 10.5%, reaching ₹327.7 trillion.
- Despite global policy uncertainty, India's economy continues to shine.
3. Public Faith and Policy Continuity:
- Finance Minister Sitharaman highlighted that the public's faith in the government led by Prime Minister Narendra Modi resulted in his re-election for a third term.
- Stable inflation (moving towards 4%) and core inflation at 3.1% contribute to India's economic resilience.
In summary, the Budget emphasizes youth development, economic stability, and continuity in
policy. 🌟🇮🇳💼.
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