Union Interim Budget 2024: How Will it Impact Businesses?
Our Hon’ble Finance Minister Nirmala Sitharaman presented India’s Interim Budget of 2024, outlining this year’s fiscal plans. This budget holds a crucial vision for technological development and business growth in India. And as a software development company, this is exactly what we are focusing on. Many commended the budget, stating it outlines a clear path for a fully developed & economically strong India by 2047. As per the IMF , India is likely to become the third-largest economy in 2027 (in USD at market exchange rate). As per reports, India’s contribution to global growth will rise by 200 basis points in 5 years. Exciting, isn’t it? Moreover, international agencies such as the World Bank & ADB, project India’s GDP to grow by 6.4% – 6.7%. (Respectively in 2024-25, as well). According to the Finance Minister, the Indian economy has witnessed a profound positive transformation in the last few years. She adds, “ Cond...