Budget Expectations for MODI 3
A comprehensive look at the key provisions and reforms anticipated in India's upcoming Union Budget under Prime Minister Modi's third term.
Economic Growth and Recovery
GDP Projections
Experts anticipate the budget to outline measures to sustain India's robust GDP growth trajectory.
Reviving Consumption
The budget may introduce incentives to boost consumer spending and drive economic revival.
Boosting Investment
Announcements to attract domestic and foreign investment are expected to feature prominently.
Infrastructure Development
1
Transportation
Expansion of roads, railways, and airports to enhance connectivity across the country.
2
Urban Development
Investments in affordable housing, smart cities, and urban infrastructure modernization.
3
Digital Infrastructure
Accelerating the deployment of 5G networks and fiber-optic broadband connectivity.
Taxation Reforms
Simplification
Streamlining the tax code and reducing compliance burdens for individuals and businesses.
Incentives
Introducing tax benefits to encourage investment, innovation, and job creation.
Widening Tax Base
Efforts to expand the tax base and ensure equitable distribution of the tax burden.
Boosting Domestic Manufacturing
1
PLI Schemes
Expanding the production-linked incentive (PLI) schemes to drive growth in key sectors.
2
Skilled Workforce
Investing in skill development programs to build a highly capable manufacturing workforce.
3
Supply Chain Resilience
Initiatives to strengthen domestic supply chains and reduce dependence on imports.
Initiatives for Agriculture
Empowering Farmers
Measures to improve farmer incomes, enhance access to credit, and modernize agricultural practices.
Sustainable Practices
- Promoting organic farming and climate-smart agriculture
- Investments in irrigation and water management infrastructure
Healthcare and Social Welfare
Universal Healthcare
Expanding the coverage and quality of public healthcare services.
Social Security
Enhancing social welfare schemes for the vulnerable sections of society.
Women and Children
Initiatives to support the empowerment and well-being of women and children.
Conclusion and Expectations
1
Balanced Approach
The budget is expected to strike a balance between fiscal prudence and growth-oriented policies.
2
Inclusive Development
Emphasis on ensuring equitable and sustainable development across all sectors and regions.
3
Global Competitiveness
Measures to enhance India's competitiveness and position it as an attractive investment destination.