Budget 2024: India can use fiscal headroom to support rural economy, suggests FICCI

Budget Expectations: The RBI's dividend transfer of Rs 2.1 lakh crore has strengthened the Modi government's financial reserves. This could be utilized to support the rural economy through increased spending on social sector schemes, as per FICCI report. Its latest Economic Outlook Survey also predicted stability in policy for the upcoming Union Budget 2024-25. The survey anticipates further progress in the ongoing reforms by the government.