Finance Minister Nirmala Sitharaman is set to present an unprecedented eighth consecutive Union Budget on Saturday, February 1, 2025, at 11 a.m.
Finance Minister Nirmala Sitharaman will shortly present the first full India Budget of Modi 3.0, aiming to balance middle-class tax relief with economic growth needs.
Presenting this budget will take Ms. Sitharaman closer to the record of 10 budgets presented by former Prime Minister Morarji Desai over different periods. The Budget is expected to contain measures to shore up weakening economic growth while being fiscally prudent.
It is likely to focus on steps to boost consumption while sticking to the roadmap of narrowing the fiscal deficit. India’s economy is expected to grow in the range of 6.3% and 6.8% in 2025-26 from an estimated 6.4% this year, according to the Economic Survey for 2024-25, tabled in Parliament on Friday (January 31, 2025)
