Historic Steps Will Be Taken In Budget 2024, Reforms To Be Fast-tracked: President Droupadi Murmu

Many historic steps and major economic decisions will be taken in the upcoming budget, President Droupadi Murmu said on Thursday as she addressed a joint sitting of Parliament.

The budget that will be presented by the government in the next Parliament session will be a document of its futuristic vision, the President said in her first address to the joint sitting of Parliament after the constitution of the 18th Lok Sabha.

“The budget will have major economic and social decisions and many historic steps will be taken. The speed of reforms will be increased to fulfil the aspirations of people,” she said.

She said her government believes there should be healthy competition between states for investment.

“This is in the spirit of competitive-cooperative federalism,” she added.

Murmu further said, “India has become the world’s fifth-largest economy. There has been an average 8 per cent growth in the last 10 years, even though these were not normal times.”

“This growth rate has been achieved despite a global pandemic and conflicts in different parts of the world. This is the result of the reforms of the last 10 years. India alone is contributing 15 per cent to global growth. My government is working to make India the world’s third-largest economy,” she said.

Union Budget 2024 Date

Finance Minister Nirmala Sitharaman is likely to table the union budget for FY25 on July 23 or 24. This will be the full union budget of the Modi 3.0 government. Earlier on February 01, an interim budget was presented.

The budget presentation will coincide with the commencement of the Monsoon Session of Parliament, set to begin on July 22 and likely to continue until August 9.

The first session of the 18th Lok Sabha, which began on June 24, will run until July 4 and will adjourn sine die as it is a special session.

The President also emphasised the union government’s efforts toward women’s empowerment and the improvement of the Northeast.

Demand for organic products is increasing globally, and Indian farmers are capable of fulfilling this demand, she added.

The President also highlighted that the government has built 3.8 lakh km of rural roads under PM Gramin Sadak Yojana to connect villages.

India has taken steps to find solutions to several global problems, she said.