Indian Budget 2024, presented by the Finance Minister, outlines the government’s economic agenda for the upcoming fiscal year. As a key player in the global economy, India’s fiscal policies have significant ramifications worldwide. This analysis delves into the budget’s specifics, exploring both positive and negative impacts, supported by relevant statistics.
- Infrastructure DevelopmentAllocation: $100 billionFocus Areas: Roads, railways, ports, and urban developmentSustainability: Investment in green infrastructure like solar highways and smart cities
- Technology and InnovationFunding: $25 billionInitiatives: AI research centers, tech incubators, digitalization programsIncentives: Tax breaks and grants for tech startups India Budget 2024
- Agricultural ReformsSupport: $20 billionPrograms: Sustainable farming techniques, crop insurance, enhanced irrigationExports: Initiatives to boost agricultural exports
- Manufacturing and IndustryInvestment: $30 billionFocus: Renewable energy, electric vehicles, high-tech manufacturingInitiatives: Expansion of the “Make in India” program, green manufacturing practices
- Social Welfare ProgramsBudget: $50 billionHealthcare: Expansion of public health infrastructure, universal health coverageEducation: Increased funding for schools, vocational training, and higher education India Budget 2024
