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  1. Feb 1, 2023 · summary of the union budget 2023-24 union budget 2023-24 presents vision for amrit kaal-blue print for an empowerd and inclusive economy three pronged focus driven by four transformative opportunities constitute foundation of amrit kaal capital investment outlay increased by 33% to rs. 10 lakh crore effective capital expenditure at 4.5% of gdp fiscal deficit estimated to be 5.9 % of gdp in be 2023-24 real gdp to grow at 7% in fy2022-23 exports to grow at 12.5% in fy 2023 atmanirbhar clean ...

  2. Feb 1, 2023 · Press Release:Press Information Bureau. Ministry of Finance. HIGHLIGHTS OF THE UNION BUDGET 2023-24. Posted On: 01 FEB 2023 1:35PM by PIB Delhi. 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.

  3. India's growth rate is the highest among all the major economies. • The G20 Presidency gives us a unique opportunity to strengthen India's role in the world economic order. • 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 ...

  4. Revenue deficit in 2023-24 is targeted at 2.9% of GDP, which is lower than the revised revenue deficit of 4.1% in 2022-23. Fiscal deficit in 2023-24 is targeted at 5.9% of GDP, lower than the revised fiscal deficit of 6.4% in 2022-23. Under the Finance Bill, 2023, a number of changes have been made to the new tax regime.

  5. Feb 1, 2023 · Budget Highlights 2023: Union Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget 2023. In the last full-fledged Budget before the general elections next year, Sitharaman said that the Indian economy is on the right path and heading towards a bright future. This Budget is the first in Amrit Kaal, FM said.

  6. Feb 1, 2023 · The major contours of the 2023-24 Union Budget have already been analysed. To recap, the government proposes to reduce the fiscal deficit substantially from 6.4 per cent of GDP to 5.9 per cent, while continuing to shift the composition of expenditures away from revenue towards capital.

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  8. Fiscal deficit in 2023-24 is targeted at 5.9% of GDP, lower than the revised estimate of 6.4% of GDP in 2022-23. While the revised estimate as a percentage of GDP was the same as the budget estimate, in nominal terms, fiscal deficit was higher by Rs 94,123 crore (increase of 5.7%) in 2022-23. Interest expenditure at Rs 10,79,971 crore is ...