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budget: Budget 2024: Sitharaman may ramp up efforts to boost consumption demand, rural economy

Budget 2024: Finance Minister Nirmala Sitharaman is set to present her sixth consecutive Budget with the focus on infusing more funds into the public s hands. Potential adjustments to tax slabs or an increase in standard deductions may be implemented. The budget may also allocate more funds for the rural employment guarantee scheme MGNREGA and offer higher payouts for farmers. Women and marginalised communities are likely to receive additional benefits to boost consumption before the general elections. ....

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Interim Budget May See Measures To Boost Consumption Demand, Push Agri Economy

Interim Budget May See Measures To Boost Consumption Demand, Push Agri Economy
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Interim Budget may see measures to boost consumption demand, push agri economy

Interim Budget may see measures to boost consumption demand, push agri economy
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What to expect from Sitharaman's 6th Budget

Finance Minister Nirmala Sitharaman is likely to step up efforts to boost consumption and rural economy while keeping inflation under check when she presents her sixth straight Budget on February 1.

Experts said one way to boost consumption is to put more money in the hands of people, and one of the possible ways of doing it is by reducing the tax burden through tinkering with tax slabs or increasing the standard deduction.

Another proposal is related to increasing the funds under the rural employment guarantee scheme MGNREGA and higher payout for farmers. ....

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Pick up in consumption contingent on controlling inflation: India Ratings & Research

"One percentage point reduction in inflation will lead to 64 basis points increase in GDP or 1.12 percentage points increase in PFCE (Private final consumption expenditure) growth. If inflation can be brought down by 1 percentage point, it would be a win win," India Ratings and Research Chief Economist Devendra Kumar Pant said in an interview. ....

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