Budget 2024

Budget 2024 Expectations Highlights

By LoanPandit

January 27, 2024

The upcoming budget is anticipated to focus on tax relief measures, infrastructure projects, agriculture, rural development, and fiscal discipline. Sectors such as FMCG, healthcare, construction, cement, steel, public sector banks, green energy, EMS, railways, defense, packaging, and ESG are likely to receive attention.

The public sector banks are hoping for a capital infusion of Rs 20,000 crore to strengthen their balance sheets.

The middle class is hoping for policies and schemes that could generate more employment opportunities.

The power sector received a significant financial boost in the FY24 budget, with a 58% increase in allocation to Rs 20,671 crore.

The government is expected to extend the Aatmanirbhar Bharat Rozgar Yojana, which encourages companies to create jobs by subsidizing provident fund contributions

The pharma sector is also hoping for incentives and infrastructural support to boost growth.