In the wake of the Union Budget 2024 announcement, Shri Ashishkumar Chauhan, MD and CEO of the National Stock Exchange (NSE), has provided a comprehensive review, highlighting several transformative aspects of the budget. Presented by Finance Minister Smt. Nirmala Sitharaman, this budget is shaping up to be a significant milestone in India’s economic and social development.
Key highlights include a strong emphasis on job creation through a collaborative approach involving both the private and public sectors. Chauhan praised the budget for its relief on angel tax and the increase in the Mudra loan scheme limit from Rs 10 lakhs to Rs 20 lakhs per person, which is expected to bolster the startup ecosystem and encourage entrepreneurial ventures.
The budget’s focus on increasing women’s participation in the workforce also received commendation. Chauhan noted this move as crucial for maximizing India’s demographic dividend. Additionally, the budget’s commitment to skill development, continued infrastructure investment, and a reduction in the fiscal deficit to 4.9% reflects a well-rounded strategy for economic stability and growth.
