India's economy: Riding high on budgetary hopes

Quick Summary:

The government's focus on fiscal discipline is visible, in the decline of the fiscal deficit as a percentage of GDP to 5.6% in FY2024, lower than the Budget Estimate of 5.8 %.

The government will likely allocate funds towards this evolving ecosystem that would immensely boost productivity in sectors such as agriculture, financial services, healthcare, and education, amongst others.the $5 trillion economy ambition.

This can be achieved by increasing funding for vocational education, promoting public-private partnerships to create affordable skill development centres, and leveraging digital platforms to provide online training resources.

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Article Details

Author / Journalist: ET CONTRIBUTORS

Category: Business

Markets: IndiaChina

Topics: Indian economy Budget 2024 Viksit bharat 2047 Union budget Domestic growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-22 @ 09:49:09 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1449 words

Reading Time: 9 minutes read

Sentences: 45 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 21723795

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 16 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 5 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #84

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