Exploring the Indian Budget 2024 Key Changes and Their Impact on the Economy (1)

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Exploring the Indian Budget 2024 Key Changes and
Their Impact on the Economy
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INTRODUCTION

• The Indian Budget 2024 is a strategic blueprint
  focused on driving economic growth, boosting
  employment, empowering the middle class, and
  supporting MSMEs. It highlights nine key
  priorities, including infrastructure, social
  justice, and energy security, to pave the way for
  Viksit Bharat.

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Fiscal Snapshot
The budget targets a fiscal deficit reduction to
4.9 of GDP by FY25, with ?11.11 lakh crore
allocated to capital expenditure (3.4 of GDP)
for infrastructure development, aimed at job
creation and economic growth.
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Key Dates and Implementation
Starting April 1, 2024, the budget's phased
implementation includes strategic capital
deployment with quarterly reviews to ensure
timely progress.
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Major Changes in Taxation

• Key changes include revised income tax slabs,
  increased standard deductions, and simplified GST
  compliance, all designed to enhance taxpayer
  relief and system efficiency.

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CONCLUSION
The Indian Budget 2024 is set to transform the
economy, with significant investments in
infrastructure and strategic sectors, promising a
new era of growth and opportunity for all
citizens.
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