Budget 2024: Right balance between economic growth and fiscal prudence

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Budget 2024: Right balance between economic growth and fiscal prudence - Business Standard

Quick Summary:

Recognising the advancements in space sector, setting up of a VC fund of Rs 1,000 crore to specifically focus on space economy is another welcome move.

The government has maintained a well-balanced stance on fiscal consolidation with fiscal deficit target reducing to 4.9 per cent from 5.1 per cent in the interim Budget.

It places special emphasis on education, employment generation and skill development recognising these as crucial components for sustainable economic growth and social welfare.