- Booming infrastructure: Rs 11 lakh Cr allocated for FY25, aiming for 2 crore more houses under PM Awas Yojana. Bullish for construction, steel, cement, and related sectors.
- Focus on clean energy: Rooftop solarization for 1 crore households, potentially boosting demand for solar panels and installation services.
- Manufacturing boost: Continued support with 15% tax rate for new manufacturing companies, positive for industrial growth and job creation.
- Soaring aviation: Orders for 1000 new aircraft, promising opportunities for airlines, aerospace companies, and travel & tourism sectors.
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- Relief for taxpayers: Withdrawal of outstanding tax demands for 1 crore individuals, potentially boosting disposable income and consumption.
- Free electricity for underprivileged: 1 crore households to get 300 units free monthly, improving quality of life and potentially driving demand for consumer durables.
- Tourism push: Focus on promoting both domestic and spiritual tourism, potential boost for hotels, travel agencies, and cultural experiences.
- Startup & GIFT City extension: Exemptions extended to 2025, encouraging innovation and investment in these key areas.
- Semiconductor focus: Rs 6903 Cr allocated for FY25, indicating government support for building a domestic chip ecosystem.
- Budget prioritizes infrastructure development, social welfare, and promoting key sectors like manufacturing, aviation, and tourism.
- Measures aimed at boosting consumer spending and encouraging investment.
#Budget2024 #Infrastructure #Manufacturing #Aviation #SocialWelfare #Taxation #Startups #Tourism #Semiconductors
