Long-term investors await the Interim Budget 2024 or Vote on Account for a reaffirmation of AtmaNirbhar Bharat and focus on deepening India s supply chain and investment-led economic expansion. Markets are currently buoyed by liquidity, with strong flows from FIIs and resilient DII flows. The budget may not be as significant as previous ones due to upcoming elections, but infrastructure will remain a focal point, particularly with ambitious PLIs to enhance supply chains and boost supply-driven GDP. Risk factors to watch include managing fiscal deficit and geopolitical risks.
The complexities involved in asset classification, residential status determination, and computation of acquisition costs should be addressed, say industry representatives.
Union Finance Minister Nirmala Sitharaman will present present the Interim Budget 2024-25 on February 1. Here s how India can make it to $5 trillion economy through investments in education sector.