The eagerly anticipated Union Budget 2024 is set to be presented by Union Finance Minister Nirmala Sitharaman. This crucial economic document will outline the plans for transforming India into ‘Viksit Bharat’ by 2047, under the leadership of Prime Minister Narendra Modi. The pre-Budget Economic Survey indicated a conservative growth forecast of 6.5 to 7 per cent for the current fiscal year.
One of the key areas of interest is income taxes, with hints from government officials suggesting a potential rationalization of the existing income tax structure. Reports from The Indian Express have suggested that the budget could introduce tax rate cuts for lower income brackets, aimed at boosting disposable income and driving higher consumption.
As the country eagerly awaits the unveiling of the Union Budget 2024, all eyes are on the Finance Minister as she arrives at Parliament with the iconic tablet. Stay tuned for more updates and comprehensive coverage of the Modi government’s vision for India’s economic future.
