India has announced an interim Budget of $14 billion for fiscal 2024-25 for the Union Territory of Jammu and Kashmir,.

• Finance Minister Nirmala Sitharaman unveiled the interim budget on a day Pakistan marked it as “Kashmir Solidarity Day".
• The budget proposal represented a substantial commitment to the economic development of Jammu and Kashmir. 
• The budget, which amounts to approximately $14.16 billion, dwarfs IMF’s recent bailout announcement to Pakistan by 4.72 times, underlining India’s financial dedication to the region’s growth and stability.