In a nod to Budget 2024, Shri Ashishkumar Chauhan, the visionary at the helm of the National Stock Exchange (NSE), extols it as a symphony of growth and innovation, setting the stage for a technological revolution. Chauhan, recognizing the budget’s digital acumen, assigns it top marks—10/10. The government’s commitment to policy and taxation continuity aligns seamlessly with the tech-driven ethos, providing stability for an innovative economic landscape.
The revised fiscal deficit for FY23-24, a sleek 5.8%, showcases a financial upgrade, 10bps better than projected. The subsequent fiscal prowess in reducing it to 5.1% for FY24-25 speaks volumes about the government’s fiscal tech-savvy approach.
The tech crescendo reaches its peak with a record-high capex outlay of Rs 11.11 lakh crore, constituting 3.4% of GDP—the highest in 26 years. Chauhan, in his tech critique, lauds the strategic investment in roads, transport, and railways, hinting at a transformative 27% CAGR over the last five years. Capital expenditure becomes the code for success, composing 23.3% of total expenditure—the highest in 30 years. Chauhan, the tech enthusiast, celebrates the budget’s social security framework, a seamless integration of power, health, housing, cooking gas, and financial inclusion, ensuring a technologically advanced and inclusive economic future.
