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Salaried class and consumer: Key to Viksit Bhharat

By: Sinha, Shishir.
Material type: materialTypeLabelBookPublisher: Yojana Description: 68(9), Sep, 2024: p.25-28. In: YojanaSummary: The union budget 2024-25 focuses on achieving a $10 trillion GDP by 2033 and a ‘developed country’ status by 2047 through a virtuous cycle involving salaried individuals and consumers. Key measures include rising the standard deduction, changing tax slabs, introducing the employment linked incentive (ELI) schemes, and a paid internships, schema. For consumers, the budget aims to increase disposable income and reduce prices, with actions such as reduced customs duties and plans for GST rat rationalism. The budget emphasizes enhancing regular income and consumption, to support economic growth. – Reproduced
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Articles Articles Indian Institute of Public Administration
68(9), Sep, 2024: p.25-28 Available AR133178

The union budget 2024-25 focuses on achieving a $10 trillion GDP by 2033 and a ‘developed country’ status by 2047 through a virtuous cycle involving salaried individuals and consumers. Key measures include rising the standard deduction, changing tax slabs, introducing the employment linked incentive (ELI) schemes, and a paid internships, schema. For consumers, the budget aims to increase disposable income and reduce prices, with actions such as reduced customs duties and plans for GST rat rationalism. The budget emphasizes enhancing regular income and consumption, to support economic growth. – Reproduced

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