Union Budget 2024-25 Envisages Robust Fiscal Health, Youth Employment

Union Minister Hardeep Singh Puri has praised the Union Budget 2024-25 for its strong fiscal consolidation and focus on youth employment. Presented by Finance Minister Nirmala Sitharaman, the budget also emphasizes women's development, skilling, and envisions India becoming a $5 trillion economy.

Union Minister Hardeep Singh Puri lauded the Union Budget 2024-25 for its solid fiscal consolidation, while highlighting its commitment to creating jobs for 4.1 crore youth over the next five years. Presented by Finance Minister Nirmala Sitharaman, the budget also proposes internships in top 500 companies, emphasizing skill development and women-led growth.

Puri emphasized the reduction in fiscal deficit from 5.1% to 4.89%, indicating healthy economic growth. He reiterated the government's ambition to transition from a $3 trillion to a $5 trillion economy, moving towards becoming the third-largest economy by 2027, according to IMF projections.

Puri also criticized the opposition, urging them to analyze the budget's provisions. Meanwhile, groundbreaking milestones were set, with Sitharaman presenting her seventh consecutive Union Budget, the most by any finance minister in India. Key priorities include productivity in agriculture, job creation, and robust service sectors.