At a time when the country’s economy faces challenges from a host of global factors, a steep rise in inflation, and a possible GDP growth slowdown in FY24, the Hon’ble Finance Minister Ms. Nirmala Sitharaman presented the last full budget of the Modi 2.0 government, ahead of the next year’s parliamentary elections.
With a focus on widening the scope of economic growth, the budgetary announcements ticked all the boxes, balancing the wider expectations of tax relief to individuals with sufficient resources for various government schemes, and boosting key areas like infrastructure, manufacturing and job creation.
Source BDO
