Budget 2024 expectations: Industry experts are hoping for incentivised lending rates, credit guarantee schemes, and increased funding channels in the upcoming interim budget to enhance financial resilience for the MSME sector
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.
The Government of India is likely to miss its divestment target for the fifth year in a row. In the last Budget, the government had set a divestment target of ₹51,000 crore for FY24 and has garnered around ₹10,000 crore so far, which is just 20 percent of its original target.
Experts believe that the 2024 budget should implement digitized approval systems and transparency in departmental processes to ease blockades in the Indian real estate sector
Finance Minister Nirmala Sitharaman will present the Interim Budget for the financial year 2024-2025 on February 1 which is likely to keep focus on fiscal consolidation led by capex growth moderation, according to brokerage firm Nirmal Bang.