The upcoming Union Budget in India is poised to address the pressing issue of climate change and its impact on the country's economy and population. India, already ranked seventh among the most vulnerable countries globally, faces increasing climate shocks that threaten its stability. The Reserve Bank of India has warned about these risks, estimating the need for annual financing of 2.5% of India's GDP until 2030. The budget allocation is crucial for empowering government ministries, driving on-ground activities, and encouraging private sector participation in sustainability initiatives. While past budgets have shown positive signs with investments in solar power, EVs, and the National Green Hydrogen Mission, the urgency to accelerate climate action is evident. The Interim Budget earlier in the year hinted at progress with initiatives like solar rooftop installations and support for the Green Hydrogen Mission. Recognizing the global shift towards low-carbon products, India could leverage opportunities like the Carbon Border Adjustment Mechanism to enhance its exports. The involvement of states and cities in climate budgeting, as seen in Mumbai, Bihar, Assam, and Meghalaya, highlights the importance of regional efforts in combating climate change. With ambitious goals for renewable energy installation by 2030, the Union Budget 2024 has the potential to shape India's sustainable development narrative and prioritize climate action for a greener future.