Union Budget 2024: The Chinese economy's transformation holds valuable lessons for India, emphasizing the importance of rising labor productivity and massive infrastructure spending. As India aims to leverage its demographic dividend, increased public capex and private sector involvement are crucial. Focusing on job creation through infrastructure development and empowering the rural workforce are key priorities for sustainable growth. The upcoming budget should prioritize fiscal consolidation, surplus utilization, and support for non-banking lenders to drive economic recovery and employment generation.
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