The budget outlines a multi-pronged economic management strategy, including infrastructure development, digital public infrastructure, and tax reforms.
India is expected to maintain its growth momentum into FY25, with an "inclusive and prosperous" policy push in the context of incremental progressive steps towards India@100. Measures for growth could revolve around the rural/farming community, targeting support through transfers, higher farm insurance outlays, and boosts to rural employment schemes and irrigation facilities.
Union Budget 2024: India s finance ministry, led by Nirmala Sitharaman, is focusing on fiscal prudence to reduce the fiscal deficit to 4.5% by FY26. The government s focus on infrastructure spending is expected to continue, as high hopes of re-election in April-May 2024 have allowed the government to control populist measures. The Indian economy is expected to grow at 7.3% in the current financial year