PM Modi met eminent economists and took their suggestions for Union Budget 2024

Ronit Kawale
Ronit Kawale - Senior Editor
3 Min Read
PM Modi met eminent economists and took their suggestions for Union Budget 2024


Prime Minister Narendra Modi on Thursday held a meeting with economists and sectoral experts to prepare for the Union Budget 2024.

WhatsApp Group Join Now
Telegram Group Join Now

The meeting was a crucial step as the government prepares to present a comprehensive budget for its third term on July 23. Finance Minister Nirmala Sitharaman also attended the meeting.

The pre-budget meeting was attended by dignitaries including NITI Aayog Vice Chairperson Suman Beri and other members of the Planning Commission.

In this conference, in-depth discussions were held with the aim of shaping the economic direction of the country for the coming financial year.

This budget holds special significance as it will be the first major economic document under the Modi 3.0 administration.

The document is expected to outline a strategic roadmap for India's development, with the aim of becoming a developed nation by 2047.

Earlier, the pre-budget consultations for Union Budget 2024-25 began from June 19, 2024, in the Ministry of Finance and concluded on July 5 under the chairmanship of Union Finance and Corporate Affairs Minister Nirmala Sitharaman.

The finance ministry said the in-person consultations were attended by over 120 invitees from 10 stakeholder groups, including farmer associations and agricultural economists, trade unions, education and health sectors, employment and skills, MSMEs, business and services, industry, economists, financial sector and capital markets, as well as experts and representatives from infrastructure, energy and urban sectors.

Union Minister of State for Finance Pankaj Choudhary; Finance Secretary and Expenditure Secretary Dr. TV Somanathan; Ajay Seth, Secretary, Department of Economic Affairs; Tuhin K. Pandey, Secretary, DIPAM; Vivek Joshi, Secretary, Department of Financial Services; Sanjay Malhotra, Secretary, Department of Revenue; Manoj Goel, Secretary, Ministry of Corporate Affairs, Secretaries of concerned Ministries, Chief Economic Adviser Dr. V. Anantha Nageswaran and senior officials of the Ministry of Finance and concerned Ministries were also present in the meetings.

During the consultation, Sitharaman expressed her gratitude to the participants for sharing valuable suggestions and assured the experts and representatives that their suggestions would be carefully examined and considered while preparing the Union Budget 2024-25.

As India navigates a complex global economic landscape, the upcoming Budget is expected to focus on strengthening the country's economic resilience, fostering innovation, and enhancing competitiveness.

The Government aims to strike a balance between immediate economic needs and long-term development goals to lay the foundation for strong and sustainable growth.



PressNews24 provides latest news, bollywood news, breaking news hollywood, top tech news, business standard news, indian economy news, world economy news, travel news, mumbai news, latest news mumbai loksabha election 2024, video viral news, delhi news, Only at PressNews24.in

Leave a comment