The Modi 3.0 government unveiled its first major policy move, the Union Budget 2024 is anticipated to spotlight job creation and consumption boosting. Analysts predict that these measures will positively impact sectors such as consumer goods, real estate, and automotive.
Finance Minister Nirmala Sitharaman is presenting the Budget during the Monsoon Session of Parliament, marking her seventh consecutive presentation. This Budget is seen as a crucial opportunity for the Modi administration to outline its economic priorities, especially after the interim Budget on February 1 offered no major changes or new benefits for the middle class.
The Finance Minister has pointed out a detailed roadmap focusing on nine key areas for India’s growth:
- Agriculture – Enhancing support for the agricultural sector.
- Employment – Creating job opportunities and improving the labor market.
- Inclusive Development – Ensuring equitable growth across all segments of society.
- Manufacturing and Services – Boosting these vital sectors for economic expansion.
- Urban Development – Focusing on the growth and infrastructure of cities.
- Energy – Advancing energy sector reforms and sustainability.
- Infrastructure – Investing in crucial infrastructure projects.
- Innovation and R&D – Promoting research, development, and technological advancements.
- Next-Generation Reforms – Implementing forward-looking reforms to drive future growth.
Stay tuned for real-time updates on income tax changes, key highlights, and in-depth coverage of the Union Budget 2024.
