Major Highlights of India's Interim Budget 2024-25

Increased Capital Expenditure

The budget proposes a significant 111% increase in capital expenditure to foster economic growth and development. This investment will focus on infrastructure, education, and healthcare, creating new opportunities and improving public services.

Focus Points of the Budget

The Finance Minister highlighted four key focus points of the budget: * Stimulating growth and job creation * Enhancing infrastructure and connectivity * Promoting financial inclusion and empowerment * Ensuring fiscal sustainability

Fiscal Deficit Target

The Fiscal Deficit for the fiscal year 2024-25 is estimated to be 5.1% of the total GDP. The government aims to gradually reduce this deficit to below 4.5% by 2030, ensuring fiscal prudence and long-term growth sustainability.