Budget expectations: Here's what experts across sectors anticipate from the July budget

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Union Budget 2024 likely to be tabled in Parliament by third week of JulyAdditionally, a meeting of the Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman, is scheduled for June 22 in the national capital. This will be the Council's first meeting since their last gathering in October 2023.“We expect the new Finance Minister to focus on key areas that will help SME to strengthen enterprise security - Protect MSMEs from external risks such as cybersecurity threats, economic shocks, and supply chain disruptions.

We hope that Modi's third term will advocate for fostering collaboration between government, academia, and the private sector at the grassroots level to create a more supportive ecosystem for MSMEs. These measures will be instrumental in ensuring future sustainable growth and resilience for MSMEs," said Dhwani Mehta, Founder & Director, OpportuneHR.“The upcoming budget should prioritise economic recovery with increased infrastructure spending and robust support for MSMEs.

In the mutual funds sector, which has seen Assets Under Management (AUM) grow to ₹57.26 trillion as of April 2024, there is a need for policies that boost investor confidence. This includes tax incentives, regulatory clarity, and promoting financial literacy.

Additionally, ensuring sustainable growth through environmental, social, and governance (ESG) investments can further strengthen the sector," said Chakrivardhan Kuppala, Cofounder and Director, Prime Wealth Finserv Pvt Ltd.“As the new Finance Minister takes charge, we anticipate the government's support through increased funding and policy support. India's healthcare sector must strengthen its infrastructure, invest in advanced medical technologies, and