Budget 2024: Expected Date and Time of the First Full Budget of Modi 3.0

The government will unveil the Union Budget, often known as the full-year financial statement, in July for the fiscal year that ends on March 31, 2025.
Budget 2024: Expected Date and Time of the First Full Budget of Modi 3.0

Budget 2024: Expected Date and Time of the First Full Budget of Modi 3.0. Image Source: CanvaPro

Finance Minister Nirmala Sitharaman will present the full union budget in July. This will be the first annual budget of Modi 3.0. Union Minister Nirmala Sitharaman has been retained as the finance minister by PM Modi who prefers continuity in policy. In the upcoming budget, the union finance minster will lay out the government's economic agenda. BJP depends on NDA allies this term to function as it could not clinched the magical number of 272 in the recently held elections. Sitharaman will have to look at measures to boost growth without hurting inflation as well as look for resources to meet the coalition government's compulsion. She had also presented the interim budget for 2024 on February 1.

Budget 2024: Expected Date and Time

The government will unveil the Union Budget, often known as the full-year financial statement, in July for the fiscal year that ends on March 31, 2025. The exact date and time are not known yet which will be notified later. The full-year budget is often presented in the first or second week of July in general election years, as is customary. The date will be revealed following notification of the Parliament's monsoon session schedule.
The government's economic agenda would include steps to fast-rack reforms to make India a USD 5-trillion economy in near future and turn the country into a 'Viksit Bharat' by 2047. Last week, RBI projected the economy to grow 7.2 per cent in the current fiscal on the back of improving rural demand and moderating inflation. The new government inherits a strong economy with fiscal prudence in place. Icing on the cake is a bonanza from RBI which has announced the highest-ever dividend of Rs 2.11 lakh crore for FY24.
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