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PM Modi to meet economists, sectoral experts ahead of Union Budget on July 11

The Budget will be the first significant economic document of the Modi 3.0 government, expected to outline key reforms and strategies to propel India towards becoming a developed nation by 2047. President Murmu has indicated that the Budget will feature historic steps to accelerate reforms.

Edited By: Nitin Kumar @Niitz1 New Delhi Updated on: July 09, 2024 21:40 IST
PM Modi Union Budget 2024
Image Source : PTI/FILE PHOTO Prime Minister Narendra Modi interacts with people.

Prime Minister Narendra Modi will meet with top economists and sectoral experts on Thursday to gather insights for the upcoming Union Budget. Union Finance Minister Nirmala Sitharaman is slated to present the 2024–25 Budget in the Lok Sabha on July 23. The meeting will also feature Niti Aayog, Vice Chairman Suman Bery and other key members.

Significance of the Modi 3.0 government's first budget

This will be the first major economic document from the Modi 3.0 government, expected to outline a roadmap for making India a developed nation by 2047. 

President Murmu hints at major reforms

In a recent address, President Droupadi Murmu hinted at historic steps in the upcoming Budget to accelerate reforms, reflecting the government's far-reaching policies and futuristic vision.

Stakeholder consultations already underway

Sitharaman has been engaging with various stakeholders, including economists and industry leaders. Many experts have called for tax relief to boost consumption, measures to curb inflation, and steps to accelerate economic growth. 

Economic performance in focus

The Indian economy recorded an 8.2% growth rate in 2023-24. An interim budget was presented by Sitharaman in February, ahead of the Lok Sabha elections.

Also read | Budget 2024: Industry players suggest govt to simplify tax system, give relief to middle class

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