Key Points
This year's interim budget has come on the back of a turbulent global economic environment marked by slowing global growth and rising volatility..
Against this backdrop, Finance Minister Nirmala Sitharaman has very nicely balanced fiscal discipline, welfare necessities and inclusive economic growth...
To everyone's very pleasant surprise, the balance between economic growth and fiscal consolidation has been maintained with the fiscal deficit for FY25 budgeted at 5.1 % of GDP..
With capital expenditure for the next year budget to rise by 11.1%to 11.1 lakh crore, economic growth will continue to be strongly supported...
Overall, this year's interim budget has been a promising and a forward looking one, which gives a clear direction for the future to help India achieve fast, resilient, inclusive and sustainable growth on its path to becoming a developed economy by 2047...
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