The finance minister attributed the moderated inflation levels to good macroeconomic stability and robust investments.
The fiscal deficit target for the financial year 2024-2025 has been set at 5.10 per cent of GDP.
PM Narendra Modi announced the launch of the economic corridor in September 2023, which involves India, the UAE, Saudi Arabia, the European Union, France, Italy, Germany, and the US.
India's Finance Minister Nirmala Sitharaman presented the final budget of the Modi government in the ongoing term ahead of Loksabha elections. She lauded the sportspersons for their achievement including India's Chess prodigy R Praggnanandhaa who is currently world number one player.
The minister said that over the past decade, the Indian economy has undergone a positive transformation.
Finance Minister Nirmala Sitharaman arrived at the Ministry of Finance ahead of Budget speech. Following a brief session, she left the ministry and headed to the President's office.
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