💨 Abstract

India's annual budget for 2023-2024 focuses on short-term economic relief through middle-class tax cuts, rather than addressing long-term reforms needed to boost growth. The budget scaled back spending on capital and infrastructure, disappointing analysts and markets concerned about weak earnings and an exodus of foreign investors. Without a clear growth strategy, analysts predict that India's GDP growth will remain close to 6.4%

Courtesy: theprint.in

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