In a commendable move that is bound to shape India’s economic and social landscape, Finance Minister Smt. Nirmala Sitharaman has unveiled the Union Budget 2024, receiving high praise from Shri Ashishkumar Chauhan, MD and CEO of the National Stock Exchange (NSE). Chauhan’s analysis underscores the budget’s ambitious vision and its potential to redefine India’s growth trajectory.
Chauhan’s support for the budget highlights its multifaceted approach to job creation. By engaging both private and public sectors, the budget aims to address unemployment with innovative solutions. Key measures, such as relief on angel tax and an increased Mudra loan limit from Rs 10 lakhs to Rs 20 lakhs, reflect a strong commitment to nurturing entrepreneurship and supporting startups.
Moreover, Chauhan applauds the budget’s focus on enhancing women’s participation in the workforce. This move is not just about economic inclusion but about tapping into a significant demographic potential. The budget’s emphasis on skill development, infrastructure investment, and reducing the fiscal deficit to 4.9% indicates a balanced approach to growth and fiscal discipline.Chauhan’s perfect 10/10 rating of the budget underscores his confidence that these measures will catalyze progress and foster a vibrant, inclusive economy.
