Budget 2024: Sitharaman sticks to fiscal prudence, lowers fiscal deficit target to 4.9%

Budget Fiscal Deficit Target: Finance Minister Nirmala Sitharaman aims to lower India's fiscal deficit to below 4.5% of GDP by 2025-26. The government has set a target of 4.9% for 2024-25, down from the previous 5.1%. Despite demands for more funds, tax relief, and strong tax collections, India maintains fiscal discipline to achieve economic growth goals.