Budget 2024 Industry Sector: Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2024 in the Parliament. This is FM Sitharaman’s seventh consecutive Budget and the newly formed Prime Minister Narendra Modi-led NDA government’s first after general elections this year. The finance minister announced the Budget theme for this year and said that the focus areas for the government will remain the poor, woman, youth and the farmer.
India Inc welcomed the Union Budget and said that the annual budget by the finance minister sets the stage for driving personal consumption by making agriculture incomes more robust, extending credit for the creation of formal employment opportunities, setting the economy on a long-term growth path through upskilling, boosting domestic consumption through direct tax and capital gains tweaks, and promoting tourism.
The finance minister announced twelve new industrial parks to be developed under the National Industrial Corridor Development programme. These parks, she added, will be equipped with complete infrastructure and ‘plug and play’ parks will be sanctioned in or near 100 cities.
