Interim Budget and the Road to the Big Game Ahead

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As 2024 has already entered in February, it’s the time for world biggest democracy to enter a big game of upcoming election season but before that the finance minister has already announced the ministry’s interim budget for rest of the year. India’s first budget was announced in 26th November 1947, by the then finance minister R. K. Shanmukham Chetty. At that time, it was really crucial for our country to pave its way and prove its existence as a global partner. But after so many years when India has proved to be the emerging global leader, the challenges are no less now and this all has inculcated in the interim budget.

For the current government it’s not an ordinary budget but it’s a report card or a moment to show its credibility for the next season. This budget is said to be the sixth in a row for Finance Minister Nirmala Sitharaman. Lots of prediction has been made and the most promised one is to see and visualise India as a five trillion-dollar economy by 2026-2027. The main focus of current government is divided into four pillars namely poor, youth, women and farmers.

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References

Key to the Budget Documents 2024-2025

All the views and opinions expressed are those of the author. Image Credit – Outlook India.

About the Author

Arpita Sharma is currently pursuing Master of Arts (MA) in Political Science and Government from Indra Gandhi National Open University (IGNOU). She completed Bachelor of Science (BSc) in Chemistry from Delhi University. She is a geopolitical enthusiast and writes for the same.

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