Union Budget 2024: A gift to the youth, the main agenda of the government is employment, PM Modi gave a big indication before the budget

Ananya Shroff
3 Min Read

New Delhi: Prime Minister Narendra Modi on Thursday held a meeting with top economists and experts to discuss the Union Budget. Finance Minister Nirmala Sitharaman was also present in the meeting. Topics like developed India, capital expenditure (capex) and employment generation were discussed during the meeting. According to a CNN-News18 report, this time the government's focus in the budget will be more on employment generation. The Prime Minister also emphasized the need to create a developed India along with employment generation. The experts and economists included Surjit Bhalla, AK Bhattacharya, Professor Ashok Gulati, Gaurav Ballabh, Amita Batra, Mahendra Dev and KV Kamath, among others. Union Finance Minister Nirmala Sitharaman is scheduled to present the 2024-25 budget in the Lok Sabha on July 23. Apart from economists and regional experts, NITI Aayog Vice Chairman Suman Beri and other members also attended the Prime Minister's meeting.

This budget will be the biggest economic document of Modi 3.0

This will be the first major economic document of the third term of the Modi government (Modi 3.0). Among other things, this budget is also expected to present a roadmap to make India a developed nation by 2047. Addressing a joint session of Parliament last month, President Draupadi Murmu indicated that the government would take historic steps to accelerate the pace of reforms. She also said that this budget would be an effective document of the government's far-reaching policies and vision for the future. Earlier, Sitharaman has discussed the upcoming budget with various experts including economists and captains of Indian industry.

What advice did the experts give to the government?

Many experts have asked the government to give tax relief to the common man so that people can spend more. At the same time, they have suggested taking steps to reduce inflation and speed up the economy. Let us tell you that the growth rate of the economy is estimated to be 8.2 percent in 2023-24. Due to the Lok Sabha elections, Sitharaman has already presented the interim budget for 2024-25 in February itself. Many experts have urged the government to give tax relief to the common man to increase consumption and take steps to rein in inflation and accelerate economic growth. Finance Minister Sitharaman, Statistics and Program Implementation and Planning Minister Rao Indrajit Singh, Chief Economic Advisor V Anant Nageshwaran and economists Surjit Bhalla, Ashok Gulati, among others were present in the meeting.

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