FY25 Union Budget presents a mix of long-term structural, medium-term macro, and near-term micro measures
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Jul 24, 2024
QuantEco Research || FY25 Union Budget: Focussing on Weaker Building Blocks – To Make Bharat Viksit
Fiscal Consolidation Theme Prevails. FY25 Union Budget presents a mix of long-term structural, medium-term macro, and near-term micro measures. It balances current fiscal, economic and political realities. Growth axis to slightly tilt towards the East: Andhra, Bihar & Orissa receive substantial allocation and attention. The Good: Fiscal consolidation, Credible arithmetic, Employment thrust, Agriculture productivity, Ease financing constraints for MSMEs; Enhanced PLI Outlay. The Okay: Personal Income Tax tweaks The Unpleasant: Increase in the capital gains tax rate