The Indian government has presented its interim budget for 2024, outlining its spending plans and tax policies for the coming year. The budget focuses on infrastructure spending, with a particular emphasis on roads, railways, and digital infrastructure. The government has also allocated funds for social welfare schemes, such as education and healthcare.
One of the most interesting aspects of the budget is the focus on young people and women. The government has announced a number of initiatives to help young people start businesses, such as providing them with access to loans and mentorship. The government has also allocated funds for skill development programs, which will help young people find jobs in the growing Indian economy.
The budget also includes a number of tax breaks for businesses, which is expected to boost economic growth. The government has also announced plans to reduce the fiscal deficit, which will help to improve India’s credit rating.
Overall, the Indian interim budget for 2024 is a positive step forward. The focus on infrastructure spending, social welfare schemes, and young people and women is likely to have a positive impact on the Indian economy.
Here are some additional details that you may find interesting:
- The government plans to spend ₹8.5 trillion on infrastructure in 2024, which is a 10% increase from the previous year.
- The government has allocated ₹1.5 trillion for education in 2024, which is a 5% increase from the previous year.
- The government has allocated ₹2 trillion for healthcare in 2024, which is a 7% increase from the previous year.
- The government has announced a new tax credit for businesses that create jobs for young people.
- The government plans to reduce the fiscal deficit from 3.8% of GDP in 2023 to 3.5% of GDP in 2024.