Economic Affairs Secretary Ajay Seth expressed confidence in the non-inflationary Budget proposals, stating that they will contribute to achieving a 7%+ growth rate in 2024-25. The Indian economy rebounded with a growth rate of 9.1% after contracting 5.8% in 2020-21. The government has increased capital expenditure by 11.1% for the next fiscal year. Seth also mentioned that fiscal deficit is expected to moderate to 5.1% in FY25, thanks to tax buoyancy and realistic expenditure estimates.
Congress spokesperson Gopaldada Tiwari described it as the ‘final budget’ of the BJP government where Finance Minister Nirmala Sitharaman has indulged in idle talk.
Nirmala Sitharaman Budget 2024 Interview: Catch the exclusive interview of Finance Minister Nirmala Sitharaman with Rahul Joshi on News18, where she shares insights on the Interim Budget 2024. Stay updated with live streaming updates and key highlights.
Sitharaman was responding to a question on stability in the capital gains tax regime amid a rally in the Indian equities markets over the past three years, in a post-Budget interview with Network 18 with Editor-in-Chief Rahul Joshi.