While the Budgetary exercise for the fiscal year 2023- 24 stands already initiated with the traditional ‘Halwa Ceremony’ held on the Republic Day, it is hoped that the significant fiscal document will address the genuine concerns of all the stakeholders from a common man to the corporate sector. However, it is expected that special focus shall be laid on farmers this time as Prime Minister Narendra Modi has been repeatedly asserting that his government is taking rapid steps towards doubling the income of farmers by emphasizing on promoting agricultur- al technology-based startups so that farmers’ databases and agri-stacks needed for smart and precision agriculture can be used by the farmers. In view of the PM’s statement it seems that Finance Minister Nirmala Sitharaman would def- initely have kept ample space for measures towards reviv- ing the rural economy which has been showing signs of dis- tress, leading to slowdown in growth. It is a fact that most farmers in the country are currently reeling under the effects of weather vagaries be it droughts, unseasonal rains or floods. Moreover, due to stagnant wages of rural population the propensity of rural households to spend freely has been reduced rather curtailed. It needs to be realized that Rural India is a spender’s market and not a saver’s one and more money at the hands of farmers would help to drive con- sumption and give fillip to the rural economy and GDP growth. Here it is pertinent to mention that IMF chief econo- mist Gita Gopinath has already cited poor rural consumption as one of the key reasons behind lowering India’s GDP growth rate. Therefore it is expected that the Finance Minister will focus on reviving credit growth and consumer spending in the rural areas in the upcoming Union Budget to boost the struggling economy. It is a fact that policies relat- ed to rural income transfers would help much more in reviv- ing consumer demand than income tax relief. Therefore the finance minister will have to bring effective measures for enhancing rural income. One of the important measures in this direction could be modifying the Procurement Act so as to further facilitate the villagers in selling surplus agricultur- al products right to anybody at their doorstep. This will help put surplus money in the rural economy, which will further boost consumer demand. Besides this the food processing sector needs to be developed right at the cultivation centres, which will enhance the rural economy. Even the PM has been advocating the promotion of food processing indus- tries at every level like opening the sector to 100 per cent FDI, thus helping in value addition and value chain develop- ment through PM Kisan Sampada Yojana. In a broader per- spective it can be said that this year’s budget should focus on expenditure to vigorously catalyze growth thus ensuring that India’s GDP growth has the least chance of coming down by maintaining a steady upward graph. This makes it inevitable for the Finance Minister Sitharaman to allocate more rather equitable funds to the rural sector. The Budget should contain measures to further augment the national agriculture export policy in consonance with the govern- ment’s target of increasing farmers’ income. Since farmers are the food producers of the nation, it is hoped that the Budget 2023-24 fully addresses their issues and concerns.