The Indian Parliament‘s Budget Session commenced today, January 31, 2025, with President Droupadi Murmu addressing a joint session of the Lok Sabha and Rajya Sabha. In her speech, she highlighted the government’s accomplishments over the past year and outlined the agenda for the upcoming session, emphasizing economic growth, social welfare, and infrastructure development.
Following the President’s address, Finance Minister Nirmala Sitharaman presented the Economic Survey 2024-25 in Parliament. This annual report provides an in-depth analysis of the country’s economic performance across key sectors, including agriculture, industry, and services. It also offers policy recommendations to address current challenges and support sustainable growth.
The Economic Survey acts as a prelude to the Union Budget, which Finance Minister Sitharaman is set to present on February 1, 2025. The Budget Session will take place in two phases: the first from January 31 to February 13, and the second from March 2 to April 4. During this period, Parliament will discuss various legislative measures and fiscal policies aimed at driving economic progress.
In her budget presentation, Minister Sitharaman is expected to focus on increasing public spending on infrastructure to stimulate growth while maintaining fiscal discipline. Speculation also surrounds potential reforms in the income tax structure, particularly for the middle class, along with announcements related to artificial intelligence initiatives.
Both the President’s address and the Economic Survey reaffirm the government’s commitment to fostering a resilient and inclusive economy. As anticipation builds, stakeholders across industries are eager to analyze the Union Budget’s proposals and their implications for India’s economic trajectory.
