Unveiling Budget 2024: A Preliminary Look into the Economic Prospects of India
Introduction On February 1st, 2024 , amidst anticipation and scrutiny, Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25. This being an interim budget, it lays the groundwork for the full budget presented by the new government after the upcoming elections. In this blog, we will dissect the key highlights of Budget 2024, analysing its implications for various sectors and the overall trajectory of the Indian economy. Budget 2024: Unveiling Key Policy Announcements for India's Interim Roadmap While presented as an interim budget, Budget 2024 holds significant importance as it sets the stage for the upcoming elections and offers crucial insights into the future direction of India's economy. Let's dive into the key policy announcements and analyse their potential impact: Infrastructure Gets a Boost : Buckle up for infrastructure development! Budget 2024 prioritises this sector with an 11% surge in capital expenditure (capex), allocating a whopping ₹