UNION BUDGET 2024-25: QUICK VIEWS
- Credit Rating Agency in India
- Union Budget
- UNION BUDGET 2024-25: QUICK VIEWS
This Budget marked the first budget of Prime Minister Narendra Modi’s third term. This Budget was Mrs. Nirmala Sitharaman’s seventh consecutive Budget as Finance Minister, surpassing the record set by former Prime Minister Morarji Desai, who presented five annual budgets and one interim budget. Former Prime Ministers Manmohan Singh and Pranab Mukherjee each presented five consecutive budgets.
This Budget has been formulated against the backdrop of an uncertain global economy characterized by Russia-Ukraine War, Israel-Hamas War, elevated asset prices, political uncertainties, shipping disruptions and the lagged effect of cumulative tightening of the central banks. These and other forces and factors have led to the “poly-crisis” battering countries around the world.