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  2. SUMMARY OF THE UNION BUDGET 2023-24. In the 75th year of India’s Independence, the World has recognized the Indian Economy as a ‘bright star’ as the Economic Growth is estimated at 7 per cent, which is the highest among all major economies, in spite of the massive global slowdown caused by COVID-19 and Russia-Ukraine War.

  3. • In these 9 years, the Indian economy has increased in size from being 10th to 5th largest in the world. • Budget 2023-24 adopts seven priorities which complement each other and act as the 'Saptarishi' guiding us through the Amrit Kaal.

  4. Sources: Expenditure Profile, Union Budget 2023-24; PRS. Pradhan Mantri Awas Yojana (rural and urban components taken together) has the highest allocation in 2023-24 at Rs 79,590 crore. This is an increase of 3.2% over the revised estimate of 2022-23.

  5. The Union Budget 2023-24 has allocated89,155 crores for the Ministry which is 3.43% higher than its previous outlay of ₹86,200.65 crores. Out of the total allocation, ₹86,175 crores has been earmarked for the Department of Health and Family Welfare.

  6. The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament today. The highlights of the Budget are as follows: PART A. Per capita income has more than doubled to1.97 lakh in around nine years.

  7. Feb 2, 2023 · The Union Budget allocated a massive5.94 lakh crore for the Defence Ministry, a 13% increase year-on-year from last year’s budget estimates. A Flourish chart. Outlay for Major Schemes....

  8. The Union Minister of Finance and Corporate Affairs Ms. Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament on 1st February 2023. Key Highlights of the Budget: Per capita income has more than doubled to Rs.1.97 lakh (US$ 2,400) in around nine years.