In a move aimed at transforming India’s economic landscape, Finance Minister Smt. Nirmala Sitharaman’s Union Budget 2024 has received high praise from Shri Ashishkumar Chauhan, MD and CEO of the National Stock Exchange (NSE). Chauhan’s enthusiastic response highlights the budget’s innovative approach to job creation and support for entrepreneurs.
Chauhan applauded the budget for its strategic focus on amplifying job creation by engaging both private and public sectors. He underscored the significance of the budget’s provisions, including substantial relief on angel tax and a notable increase in the Mudra loan scheme limit from Rs 10 lakhs to Rs 20 lakhs per individual. These measures are expected to invigorate India’s startup ecosystem and foster a new wave of entrepreneurship.
The budget’s commitment to enhancing women’s participation in the workforce also drew commendation from Chauhan. He believes that this focus will maximize India’s demographic dividend. Coupled with its emphasis on skill development and maintaining infrastructure investment while reducing the fiscal deficit to 4.9%, the budget strikes a balance between growth and fiscal prudence. Chauhan’s verdict? A perfect 10/10. The Union Budget 2024, he asserts, is not just a financial blueprint but a strategic initiative poised to redefine India’s economic future.
