Union Budget 2024 may see Modi government fasttracking reforms to focus on unfinished agenda from previous term

Budget 2024: Market experts predict Prime Minister Narendra Modi’s third term will prioritize unfinished reforms from his previous tenure. The Union Budget 2024-25 is expected to focus on boosting income opportunities, rationalizing taxes, driving the capex cycle, and supporting self-dependency through import substitution. Fiscal consolidation remains a key objective, targeting a deficit reduction to below 4.5% of GDP by 2025-26.