Today’s budget by Finance Minister Sitharaman is an interim measure to cover the first four months of the upcoming fiscal year. The full budget will be presented by the new government after the Lok Sabha elections in July.
Here’s what to expect:
- Focus on job creation:Â Increased spending on infrastructure and support for farmers to boost employment opportunities.
- Welfare schemes: Possible increase in allocations for programs benefiting farmers, women, and underprivileged families.
- Middle class tax relief: While major tax changes are unlikely, the old tax regime might see some additional benefits.
- Social security: Possibility of a new fund for informal sector workers, promoting inclusive growth.
- Green initiatives: Potential allocation for green hydrogen and electric vehicle projects, aligning with the global sustainability push.
