Budget 2024: Government to formulate economic policy framework for next generation of reforms

Finance Minister Nirmala Sitharaman announced the government's plan to create an 'Economic Policy Framework' in the Budget Speech, focusing on facilitating employment opportunities and sustaining high growth. The framework aims to improve productivity of factors of production, incentivise reforms, promote competitive federalism, and collaborate with states for development. The Budget also emphasises nine priorities, including agriculture, employment, urban development, and innovation, for generating opportunities and driving economic growth.