Will Budget 2024 have a panacea for Modi government's K-shaped problem?
'K-shape' refers to divergent economic graphs of different sections of the populace
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'K-shape' refers to divergent economic graphs of different sections of the populace
Budget 2024: The CII wishlist lays out the blueprint that will help India reach the developed economy status by 2047.
It’s important to understand key terms like fiscal deficit, revenue budget, Finance Bill and budget estimates, among others, to decode the nuances of the Union Budget.
Market participants are closely monitoring the upcoming Interim Budget 2024, slated to be unveiled by the Finance Minister on February 1. Soni Patnaik of JM Financial provides insights on pre-budget positioning
Budget 2024: The interim budget for FY25, which will be presented on February 1 after the Lok Sabha elections, is likely to stay on the fiscal course-correction glide path and avoid populist spending. However, the retail industry's message of slowing consumption cannot be ignored. India's top retailers have slowed down their store expansion this fiscal year due to a sharper focus on profitability and lower-than-expected consumption levels. Retail sales have also been affected, with a growth of only 7% in October and November 2023 compared to the same period in 2022. The budget should focus on ...