Union Budget Expectations FY24

The Union Budget FY24 that is to be presented on 01 February 2023 may try to make a fine balance between fiscal consolidation and spending in productive sectors to create multiplier impact on growth amid a global environment dominated by higher inflation and lower growth.  2020 was an exceptional year when world was grappling with Covid-19 induced lockdowns, and the subsequent policy measures announced in FY21 needed a significantly higher fiscal deficit to tackle the ripple effect of Covid-19 on economy and lives of people. Since then, the subsequent Budgets have shown government’s resolve to follow a tight fiscal path.

January 25, 2023

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