The highlights from the Budget that sought to emphasise the govt's commitment to fiscal consolidation while introducing new tax slabs.The survey estimated India’s GDP growth in FY24 at 6.5 per cent, while the growth for the ongoing year has been projected at 7 per cent, compared to 8.7 per cent in FY22.
In her last full Budget ahead of Lok Sabha elections next year, Union Finance Minister Nirmala Sitharaman kept her focus on two key aspects: one, growth – by setting aside a large outlay for an unprecedented surge in capital spending, and two, fiscal consolidation, by slashing subsidies and spending on the job guarantee scheme.