THE BUDGET that comes after a new government is sworn in would normally not elicit much discussion as it would be dealing with just about eight months when much of the normal announcements made during the Interim Budget would have to be implemented. This time will be different as the Budget is critical from the point of view of all stakeholders for the 'messaging that is done'. It is the concept of a coalition government which evokes conjecture.
Global credit rating agencies would be watching out for what the Budget holds for the economy and the future when it comes to taking a status check of credit. The industry is watching out for how government expenditure will work out for FY25, whereas individuals will be looking for some tax relief, given the relentlessly high inflation rates in the last 3-4 years. Hence, the Budget will be a landmark one in terms of providing direction on all counts. Higher capex would be positive for industries like steel and cement, while a focus on housing or PLI will impact the concerned sectors discernibly.
Bu hikaye Business Today India dergisinin July 21, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Today India dergisinin July 21, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Reasons To Be Bullish
The building blocks are in place for 7-8% growth for a prolonged period; India’s focus should be on sustaining this momentum to become a developed nation
India's Stock Market Revolution
India is on the way to a 45-trillion stock market, fuelled by rising investor participation, technological advancements, and economic growth
"Giving up is easy... fight harder"
As a working mother, the challenges are many but for me the toughest was emotional pain or ‘mom guilt’.
A PRESCRIPTION FOR CAPITALISM
PART ECONOMIC HISTORY AND PART COMMENTARY ON RECENT ECONOMIC EVENTS, SHARMA’S BOOK IS ALMOST A FLY-ON-THE-WALL ACCOUNT, AT TIMES
PASSION PLAY
If you're serious about photography or crazy about gaming, here are two devices that will help you indulge in your passion
The Other Emirate
Just an hour away from Dubai, Ras Al Khaimah offers a more laid-back alternative to its glamorous neighbour
A $500-billion Opportunity
With the right mix of vision, policy support, and investment, the affordable housing sector could unlock a growth story that addresses a critical human need
Boosting Start-ups, Shaping India
Start-ups are turbo-charging India’s growth story. But a lot needs to be done to empower them further
Coding Cash
The digital rupee has been around for nearly two years now, despite facing several challenges. With cash still remaining the king in India, the future of CBDC hinges on its programming and versatility
Banking On MFs For Wealth Creation
Retail investors, on a journey of wealth creation, have taken to investing in mutual funds of all hues—equity, debt, and hybrid