Union budget 2024

Budget 2024 insights: decoding macro-fiscal aspects

In the ninth episode of our ‘Budget Insights’ series, we discuss various macroeconomic and fiscal aspects of Budget 2024-25 with Dr. D.K. Srivastava, Chief Policy Advisor at EY India, and a noted economist with over 50 years of experience in macroeconomics and public finance. Along with key macro fiscal-Insights, we also explore the government’s initiatives for state incentivization and efforts towards fiscal consolidation.

In conversation with:



Key takeaways

  • Union Budget 2024-25 emphasizes fiscal consolidation, reducing the fiscal deficit target to 4.9% of the GDP in FY25.
  • Increased tax devolution and interest-free loans aim to incentivize states’ participation in India's economic growth.
  • Effective utilization of budgeted investment expenditures remains a concern for both central and state governments.
The budget's clear emphasis is on fiscal consolidation, while promoting growth and stimulating capital expenditure.

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Podcast

Episode 09

Duration

8m 29s