India's 2024 budget, presented in February as an interim measure before the upcoming elections, paints a cautiously optimistic picture of the nation's economic trajectory. While it avoids major policy changes, it sets the stage for continued fiscal consolidation and outlines key spending priorities. Highlights of the Budget: Focus on Infrastructure: Capital expenditure sees a notable 11% increase, prioritizing roads, bridges, and other long-term projects to boost growth and create jobs. Fiscal Consolidation: The government maintains its commitment to reducing the fiscal deficit to 4.5% by 2025-26, indicating responsible financial management. No Major Tax Changes: Income tax slabs and rates remain unchanged, offering stability for individuals and businesses. Boosting Social Welfare: Schemes like affordable housing, healthcare initiatives, and rural development receive continued support. Focus on Women: Several budget allocations aim to empower women entrepreneurs and improve the...
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