Budget 2024-25: Key Benefits for Infrastructure, Renewable Energy, and Healthcare – What to Expect from FM Sitharaman’s Announcements

Finance Minister Nirmala Sitharaman will present the full Budget for the Narendra Modi 3.0 government for the fiscal year 2024-25 on July 23. The Budget is expected to include measures to sustain economic growth, provide income tax relief, and focus on capital expenditure for infrastructure development. Key sectors like infrastructure, utilities and power, capital goods and consumer durables, and pharma and healthcare are expected to benefit from the Budget.

5 Key Points:

1. Budget Presentation Date: Nirmala Sitharaman will present the Budget on July 23 for the fiscal year 2024-25.
2. Economic Boost and Income Tax Relief: The Budget aims to sustain India’s growth and may provide income tax relief to benefit the common man and middle class.
3. Capital Expenditure Focus: The government will likely continue its focus on capital expenditure to drive GDP growth, especially in infrastructure.
4. Benefiting Sectors – Infrastructure: Companies involved in infrastructure projects, such as Ahluwalia Contracts, KNR Constructions, and PNC Infratech, may benefit from increased capital expenditure.
5. Benefiting Sectors – Utilities, Power, and Healthcare: Renewable energy companies like Tata Power and pharmaceutical companies like Lupin and Cipla may see gains from budgetary policies promoting their sectors.