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Budget 2024: The need for a Budget of, by and for the middle class of the Republic of India

By Economic Times - 9 months ago
India's interim budget is eagerly awaited by the middle class, who have high expectations for relief in income tax through adjusted tax slabs and expanded exemptions. The budget is also anticipated to address employment concerns and generate more job opportunities. Affordable housing, education, and healthcare take center stage, with hopes for interest rate reductions, increased subsidies, and improved infrastructure. The budget is expected to offer price relief by regulating food prices and stabilizing inflation. Additionally, investments in digital infrastructure and comprehensive measures for post-retirement schemes are anticipated. The budget announcement on February 1 will be closely watched by India's middle class population during the Lok Sabha elections.

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