Union Budget 2024: How it can keep India’s economic trajectory intact
Union Budget 2024: How it can keep India’s economic trajectory intact
Expectations are that the interim budget announcements will focus on keeping growth momentum intact. Preliminary data and research points to budget expectations such as government sector-specific incentives & subsidies and a focus on increased adoption of technology.
By Dr. Rumki Majumdar
India’s economy could be growing at 7.3% in FY 2023-24, according to the first advance estimates released by the National Statistical Office (NSO). This would be the second consecutive year that the country would record such a high growth performance. Even the IMF has upped its medium-term outlook for India in its recent forecast.
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