Will FM Nirmala Sitharaman cheer up the common man?
Will FM nirmala sitharaman cheer up the common man?
Expectations for the Budget in 2024: As part of the Parliament's budget session, Finance minister nirmala sitharaman will propose the Budget 2024 for the fiscal year 2024–25 on february 1, 2024. The budget that will be presented on february 1st, however, will be an interim budget or a vote on account because it is an election year. The Interim Budget is not likely to undergo any significant adjustments based on historical trends. However, FM Sitharaman may unveil some populist policies targeted at the average person, with a focus on jobs, agriculture, income tax reduction, and senior folks. The announcement of Budget 2024 coincides with the indian economy continuing to develop at the world's highest rate of any major economy. It is expected that the budget for 2024 would be centered around policies that will support India's economy as it continues to grow and approaches the $5 trillion mark. With the world facing headwinds and war-like events causing uncertainty, it will be crucial for Budget 2024 to make the indian economy more "atmanirbhar." Strike a balance between economic development and fiscal consolidation.The fiscal deficit target of 5.9% of GDP for FY24 should be kept, according to CII's pre-Budget 2024 statement. For FY25, the fiscal deficit should be brought down to about 5.4% of GDP.
Expectations for the Budget in 2024: As part of the Parliament's budget session, Finance minister nirmala sitharaman will propose the Budget 2024 for the fiscal year 2024–25 on february 1, 2024. The budget that will be presented on february 1st, however, will be an interim budget or a vote on account because it is an election year. The Interim Budget is not likely to undergo any significant adjustments based on historical trends. However, FM Sitharaman may unveil some populist policies targeted at the average person, with a focus on jobs, agriculture, income tax reduction, and senior folks. The announcement of Budget 2024 coincides with the indian economy continuing to develop at the world's highest rate of any major economy. It is expected that the budget for 2024 would be centered around policies that will support India's economy as it continues to grow and approaches the $5 trillion mark. With the world facing headwinds and war-like events causing uncertainty, it will be crucial for Budget 2024 to make the indian economy more "atmanirbhar." Strike a balance between economic development and fiscal consolidation.The fiscal deficit target of 5.9% of GDP for FY24 should be kept, according to CII's pre-Budget 2024 statement. For FY25, the fiscal deficit should be brought down to about 5.4% of GDP.