Trupti Agrawal of WhiteOak Capital shares her views on the expectations from interim Budget 2024, India’s macro-economic environment, sectors that are likely to get a boost this year, and the need to overlook short-term market movement.
Rupen Rajguru, Head Equity Investments and Strategy, Julius Baer India, expects the Interim Budget to record better fiscal balances, generating space for higher social spending. He also expects the government to announce sops for the middle class and rural segments.
The thriving fintech and digital lending industry in India, encompassing the gold loan sector, delivers innovative and accessible credit solutions to millions in rural and underserved areas through digital platforms and technologies. Let s delve into what these sectors anticipate from Budget 2024.
Mutual fund industry players believe that mutual funds should be more tax friendly and brought in line with ULIPs. They also demand that the switch between different schemes is exempted from capital gains tax. Some also believe that the steps should be taken to unlock savings made in gold
Given the impending Lok Sabha elections projected for April to May 2024, the budget is likely to refrain from major declarations. The detailed budget unveiling will take place post elections and the formation of a new government. Here s a look at key sectors that will be in focus this year.