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of <h1>India's 2024 Budget: GDP Growth at 7.3%, Capital Expenditure Up 11.1%, Fiscal Deficit at 5.1%, Focus on Inclusive Development.</h1> The Interim Union Budget 2024-25, presented by the Finance Minister, projects India's real GDP growth at 7.3% for FY 2023-24. Capital expenditure will increase by 11.1% to Rs. 11,11,111 crore, constituting 3.4% of GDP. The fiscal deficit is estimated at 5.1% of GDP. A Rs. 1 lakh crore corpus with a 50-year interest-free loan will support youth schemes. The budget emphasizes upliftment of the poor, women, youth, and farmers, aiming for all-inclusive development. No changes in tax rates are proposed, but withdrawal of certain disputed tax demands is expected to benefit about one crore taxpayers. The government plans to release a white paper on the Indian economy's progress.
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