Union budget to focus on welfare spends, incentivise deposit inflows: Care Ratings

The upcoming Union budget is poised to prioritize bolstering consumption through increased allocations for welfare schemes and rural economy initiatives, according to Care Ratings. Anticipated measures include a significant rise of Rs 75,000 crore in revenue expenditure compared to previous interim budgets. Key sectors expected to receive enhanced funding include employment guarantee programs, housing initiatives like PM Awas Yojana, rural infrastructure under PM Gram Sadak Yojana, and support schemes for labor-intensive small businesses.