Budget 2024 Expectations Highlights: Several experts have urged the government to provide tax relief to the common man to boost consumption and take steps to check inflation and accelerate economic growth.
Union Budget 2024 Expectations Highlights: Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2024-25 in the Lok Sabha on July 23. The Budget for 2024-25 will be the first major economic document of the Modi 3.0 government, which, among other things, is expected to lay the road map for making India a developed nation by 2047.
Several experts have urged the government to provide tax relief to the common man to boost consumption and take steps to check inflation and accelerate economic growth. The last two budgets saw no significant changes in taxation policies, aside from making the new tax regime the default option and introducing the Standard Deduction feature.
On July 11, Prime Minister Narendra Modi met top economists, flagging a renewed thrust on jobs, alongside a concerted push to manufacturing and rural businesses. He also touched upon the complexities of Centre-state relations, particularly with the Centre funding many programmes or schemes, and states not assuming full accountability over implementing these on the ground, The Indian Express had reported.
