Exploring the Indian Budget
2024: Key Changes and Their
Impact on the Economy
INTRODUCTION
• The Indian Budget 2024 is a strategic blueprint focused
on driving economic growth, boosting employment,
empowering the middle class, and supporting MSMEs. It
highlights nine key priorities, including infrastructure,
social justice, and energy security, to pave the way for
‘Viksit Bharat.’
Fiscal Snapshot
The budget targets a fiscal deficit reduction to
4.9% of GDP by FY25, with ₹11.11 lakh crore
allocated to capital expenditure (3.4% of GDP)
for infrastructure development, aimed at job
creation and economic growth.
Key Dates and
Implementation
Starting April 1, 2024, the budget's phased
implementation
includes
strategic
capital
deployment with quarterly reviews to ensure
timely progress.
Major Changes in
Taxation
• Key changes include revised income tax
slabs, increased standard deductions,
and
simplified
GST
compliance,
all
designed to enhance taxpayer relief and
system efficiency.
CONCLUSION
The Indian Budget 2024 is set to transform the economy, with
significant investments in infrastructure and strategic sectors,
promising a new era of growth and opportunity for all citizens.
Thank you!
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