This is Nirmala Sitharaman's best budget for this one reason..!?

Sowmiya Sriram
This is Nirmala Sitharaman's best budget for this one reason..!?
While announcing the Union Budget for the financial year 2024-25, the announcement of no change in income tax is a disappointment to the common people, but an important announcement has been made for economic growth and the improvement of the country's financial position. Union Finance minister Nirmala Sitharaman has announced a reduction in the fiscal deficit measure to 5.1% of GDP in 2024-25 from 5.8% of the previous year.
Through this, she has ensured that the country's income will increase and expenditure will decrease through this one announcement. India's fiscal deficit in the first nine months of this fiscal year to december stood at Rs 9.82 lakh crore or 55% of the annual estimate, government data said on Wednesday. Similarly, the country's total debt is estimated at Rs 14.13 lakh crore in FY 2024-25, which is much lower than in FY 2023-24.
 Similarly, the country's total capital expenditure for the financial year 2024-25 has been reported to be Rs 11.11 lakh crore, an increase of 11.1 percent over last year. Of this, 1.11 lakh crore rupees, which is about 3.4 percent of the country's total GDP, have been allocated for the Inbara project alone.
The central government has announced that it will invest 1 lakh crore rupees in the R&D sector in the Sunrise project. What is seen as the best thing about this budget announcement is the reduction in fiscal deficit, reduction in borrowing, and favorable investments. All this bodes well for the investment market.

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