Nirmala Sitharaman, in the Budget 2024 put forth nine priorities including skilling youth and job creation. Karthik Muralidharan, Tata Chancellor’s Professor of Economics at the University of California San Diego (UCSD) points out key areas where the focus should have been.
View More Focus should be on productivity than employment: Economist Muralidharan on Budget 2024
Pawan Munjal, Executive Chairman of Hero MotoCorp, expressed confidence in the budget’s potential to stimulate consumption, attract substantial investments, and stabilize inflation while maintaining a focus on economic growth and fiscal responsibility.
View More Budget 2024 positions India as a technology-driven economy: Hero MotoCorp Chairman
Finance Minister Nirmala Sitharaman in her Budget 2024 speech announced a substantial allocation of ₹1.52 lakh crore for the agriculture and allied sectors in the fiscal year 2024–25.
View More Union Budget 2024: ₹1.52 lakh cr for agriculture in FY25
Finance Minister Nirmala Sitharaman in her speech presenting Budget 2024, abolished Angel tax to boost startup on July 23.
View More Union Budget 2024: Angel tax abolished to boost startup
First-time employees in the formal sector will receive a direct benefit transfer equivalent to one month’s wage, up to ₹15,000, in three installments.
View More BUDGET 2024| Nirmala Sithraman’s 5 schemes: 1 Cr interns in 500 companies; 30k for 2 yrs; 20L youth in 5 yrs
This adjustment is set to save salaried employees an additional ₹17,500 annually in income tax.
View More Union Budget 2024: minor tweaks for middle class, major relief elusive
The Economic Survey 2023-24 tabled in the Parliament by Finance Minister Nirmala Sitharaman anticipates a 2 to 2.5 times increase in energy needs by 2047 to support economic growth. The report also highlighted that India faces challenges in balancing energy transition with other developmental priorities
View More Economic Survey 2023-24: Renewable energy, sustainable development in focus
The Union Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-24 on July 22. The survey conservatively projects real GDP growth of 6.5–7%, with risks evenly balanced, cognisant of the fact that the market expectations are on the higher side.
View More India Economic Survey 2023-24: Real GDP growth projected at 6.5–7%
The survey reveals notable progress in India’s labour market over the past six years, with the unemployment rate falling to 3.2% for 2022-23.
View More Economic Survey 2023-24: Unemployment declines to 3.2%, focus shifts to skilling, investment
Agriculture remains a cornerstone of the Indian economy, demonstrating steady growth with an average annual rate of 4.18% at constant prices over the past five years. However, provisional estimates for 2023-24 show a slower growth rate of 1.4% at constant prices, highlighting both progress and areas needing improvement.
View More Economic Survey 2023-24: Agriculture poised for 4.18% growth amid global economic challenges