"While it took us 75 years to reach a per capita income of $2,730, it will take only five years to add another $2,000," Nirmala Sitharaman claimed.

GST Council gives relief to foreign airlines; cuts tax on cancer drugs and certain snacks; formed a group of ministers to study the GST compensation cess levied on automobiles, aerated drinks, and tobacco.

In preparation for Budget 2024, the finance minister Nirmala Sitharaman held consultations with sector representatives in June. The agriculture sector expects the industry to boost agricultural exports to USD 100 billion in the next three years.