Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 on 23 July 2024 in the Indian Parliament. This first Budget after the BJP’s electoral victory in the 18th Lok Sabha elections envisages myriad schemes to boost employment, infrastructure, and various economic sectors of India. While major initiatives were announced, the Budget has also been criticized for increased taxes that ultimately will impact the investment sectors. Moreover, the Budget entails enhanced spending for the states governed by the BJP’s allies such as Andhra Pradesh (Telugu Desam Party) and Bihar (Janata Dal-United).
