View: Budget 2024 ticks all the boxes, will push Viksit Bharat goal
budget 2024 does just that. For me, there are four key take-aways as I go through the budget details.
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Tackling economic issues
The two biggest issues among these are related to income opportunities and disparities in regional development. The government has announced a comprehensive set of initiatives to address these. Five schemes focussed on skilling the youth and enabling greater women work force participation have been announced; and a comprehensive package to support growth of micro, small and medium enterprises has been announced. These will certainly go some distance in creating the approximately 8 million non-farm jobs annually, that the Economic Survey has recommended.
Fiscal prudence & economic growth
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The government has planned for an expenditure of Rs 48 lakh crore that is similar to what it had proposed in the interim budget. However, it is heartening to note a reduction in targeted fiscal deficit of 4.9% of GDP that augurs well for overall macro-economic stability and has a positive effect on India's attractiveness
