The Indian economy is on a roller coaster. Growing consistently post-pandemic, it drew the attention of the United Nations, World Bank, International Monetary Fund (IMF), global rating agencies, NITI Aayog and Reserve Bank of India (RBI) alike and they estimate that India would reach 6.5% growth by March 2024.
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Experts believe that while the interim Budget may target measures to further empower women and higher allocation for the flagship rural job plan, capital expenditure could see a relatively modest growth in its outlay.
Real estate developers seek an increase in deduction of principal repayment of home loans and the reintroduction of the Credit Linked Subsidy Scheme (CLSS) for middle-income group. They also suggest reduced stamp duty as part of their recommendations to the Finance Ministry for the upcoming Union Budget.