INDIA'S ECONOMIC FUTURE : UNION BUDGET 2024 INSIGHTS
On 23rd July 2024, Present Finance Minister Nirmala Sitaraman presented her seventh consecutive Budget in Parliament. Nirmala Sitharaman announced key employment schemes and also revised the tax structure in the new tax regime, while the slabs in old tax regime remain unchanged. The Finance Minister announced a major reduction in customs duty on cancer medicines and mobile phones. Imported gold, silver, leather goods and seafood will also get cheaper. The Budget for 2024-25 is the action plan for the Modi 3.0 government to outline a roadmap towards India's development in the next five years. Every coin has two sides, one can choose one of the two sides. Similarly, there are supporters as well as oppositions. Many renowned economists and finance heads of various companies have spoken their views on Union Budget 2024. Some are discussed below. Neelkanth Mishra, chief economist at Axis Bank and head of global research at Axis Capital, believes that Budget 2024 may