HSBC's Pranjul Bhandari Decodes Budget 2024 Fineprint

Union Finance Minister Nirmala Sitharaman presented her sixth Budget on February 1, an interim budget preceding the upcoming general elections. The Interim Budget 2024-25 prioritized youth and women empowerment, balancing social development with fiscal responsibility and sustained capital expenditure. Sitharaman set a noteworthy target by lowering the fiscal deficit for FY25 to 5.1% of the GDP. Notably, there were no alterations to direct and indirect tax rates, ensuring stability. To delve deeper into the economic implications and insights, Business Today TV Managing Editor Siddharth Zarabi engaged in a conversation with Pranjul Bhandari, Pranjul Bhandari, Chief Economist, India & Indonesia, HSBC.