Overall, the Interim Budget was positive for markets. It should attract foreign investors, when global liquidity flows back into to EMs including India.
Budget Highlights 2024: The Modi government is striving for consistent economic growth despite geopolitical uncertainties, with ongoing initiatives designed to support farmers, women, and those facing economic challenges. There is a possibility that the government will steer clear of widespread privatization of state-owned enterprises and stick to moderate divestment goals. In the upcoming budget, an overall balanced fiscal strategy is anticipated, emphasizing sustainable economic growth and specific welfare measures.
Finance Minister Nirmala Sitharaman presented the Interim Union Budget for the fiscal year 2024-25 in Parliament today, covering crucial aspects from income tax to green energy and tourism. Here are the 12 standout features of the 2024 Budget.