Budget 2024 Expectations Live Updates: Salaried Class expects higher standard deduction, tax bracket adjustments
Budget 2024 Expectations Live Updates: Prime Minister Narendra Modi is scheduled to meet with distinguished economists on Thursday to gather their perspectives and recommendations for the upcoming fiscal year. This meeting, which will also include Niti Aayog Vice Chairman Suman Bery and other key members, aims to influence the first major economic policy of Modi’s third term.
In preparation, FM Nirmala Sitharaman has engaged in extensive discussions with various stakeholders, including economists and leaders from the Indian industry.Mohak Nahta, Founder and CEO, Atlys, said, “The upcoming Union Budget 2024-2025 offers an opportunity for the Finance Minister to build on this momentum. Strategic investments can unlock economic opportunities, boost employment, and enhance India's tourism landscape.
We foresee a 20% rise in international travel and a 15% boost in domestic trips."Siddhartha Bhagat, Head, Logistics Division, Seros, said, “The National Logistics Policy in 2022 under PM Gati Shakti National Master Plan had already laid out the key objectives. Logistics industry is the pillar for any economy and again there are high expectations from Budget 2024."“The primary aim is to reduce Logistics cost from 14% of GDP to 8% -10% of the GDP.
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