Key Points
Budget expectations: As we stand on the brink of a new fiscal year, the Reserve Bank of India (RBI) projects the Indian economy to grow by 7% in 2024, showcasing the resilience and dynamism of the economy..
The upcoming budget will be an interim budget rather than a full annual budget..
As we look towards the future, the financial services sector calls for regulatory and tax relaxations to encourage technological innovation and fortify against fraud.. In conclusion, the budget expectations echo a collective vision of a vibrant and responsible financial landscape..
With a focus on wider collaboration, ESG principles, customer awareness, digital infrastructure, and a measured approach to objectives, India charts a course for a future where the financial services industry achieves sustainable growth..
The government could consider pioneering financial inclusion and credit cycle growth, promoting digital transformation for responsible growth, focusing on IFSC-GIFT City as a global financial services hub, and addressing tax structure and regulatory relaxations...
