Nirmala Sitharaman, India's current Union Finance Minister, is set to add another feather to her cap as she prepares to deliver her seventh consecutive Budget speech in July 22 or so. This achievement surpasses Moraji Desai's record of six back-to-back Budget speeches. Sitharaman has been breaking barriers since earlier this year when she became the first woman to serve as finance minister for a third consecutive term.
During her tenure, Sitharaman has not only set records in the frequency of Budget presentations but also in the style and substance of her presentations. Her 2020 Budget speech, which lasted 2 hours and 40 minutes, remains the longest in history. This marathon address included significant announcements like the LIC IPO and new income tax slabs, marking a pivotal moment in India's economic policy.
In 2019, Sitharaman's first Budget presentation was marked by a departure from tradition. Breaking away from the customary briefcase, she introduced a red 'Bahi Khata' style pouch to carry the Budget documents, symbolizing a blend of tradition and innovation. This move resonated with her vision to modernize India's fiscal policies while respecting its cultural heritage.
Continuing to innovate, in 2021–2022, Sitharaman presented the Budget digitally for the first time, using a tablet housed in a red pouch adorned with the National Emblem. This paperless presentation underscored her commitment to digital transformation and sustainable practices in governance.
As she prepares to present the Full Budget of 2024, Sitharaman's records not only reflect her perseverance and leadership but also highlight her impact on India's economic landscape. Her tenure has been defined by bold reforms, strategic investments, and a steadfast commitment to steering India towards sustainable growth.
Looking ahead, Sitharaman's seventh Budget speech is anticipated to outline measures to navigate India through the ongoing global challenges, strengthen economic resilience, and foster inclusive growth. Her legacy as a trailblazer in fiscal policy and her dedication to serving the nation will continue to shape India's economic future.
When Will India Present Its Budget? July 22 Set for Key Economic Announcements
PM Modi's New Cabinet Portfolio: Who's Handling What?
Women Power in Modi 3.0: Meet the Seven Women Ministers, Including Two Cabinet Rank