The first budget of Independent India was presented by the first finance minister R K Shanmukham Chetty.Sitharaman, who will be presenting her sixth budget in a row, is expected to come up with some measures, especially to boost the rural sector as the agriculture sector growth in 2023-24 is estimated to decelerate to 1.8 per cent, from 4 per cent, in the preceding year.Rakesh Nangia, Chairman, Nangia Andersen India said given the proximity to the elections, the budget is expected to focus on immediate fiscal needs rather than introducing broad long-term economic reforms.
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