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July 3, 2024

How the upcoming budget could impact the economy

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The ongoing pre-budget deliberations have underscored diverse sectoral concerns, including calls for reduced income tax burdens, augmented capital expenditure, measures to mitigate food inflation, and support for the MSME sector, among others.

As the Modi 3.0 Government engages in pre-budget consultations with key industry stakeholders, the national economy has high expectations of continuance. The government in its two previous terms has delivered budgets marked by concerted efforts to bolster capital investment, instill fiscal discipline by incorporating off-budget borrowings, and significantly enhance manufacturing and infrastructure development.

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