Interim Budget 2024: Key policy announcements and their impact
In the latest episode of our budget podcast series, we engage in a conversation with Rajnish Gupta, Partner, Tax and Economic Policy Group, EY India. Here, he explores macro-fiscal stability, Atmanirbharta in manufacturing, and provides insights into future reforms. From green initiatives to navigating the economic landscape, each facet unveils a strategic roadmap for India's future.
In conversation with:
Rajnish Gupta
Partner, Tax and Economic Policy Group, EY India
Key takeaways
- The projected fiscal deficit of 5.1% for 2024-25 safeguards India from future economic shocks, helps keep inflation low, and directs more savings toward private investment.
- Focus on manufacturing and atmanirbharta continues as the government recognizes that while the era of global manufacturing is over, integration of global supply chains will continue.
- Announcements on rooftop solar, promoting biofuels or investments in coal gasification and liquefaction capacity support the use of domestic resources and reducing energy import.
- To usher in the next generation of reforms, the Union government will need to build consensus with state governments.
- The high-powered committee to be set up to address challenges related to India’s demography and fast population growth indicates the government’s thinking in this area.
By announcing that there would be viability gap funding for 1 GW of offshore wind, the government is signaling that it will push these technologies to the extent the fiscal space in India allows.
Rajnish Gupta
Partner, Tax and Economic Policy Group, EY India
For your convenience, a full text transcript of this podcast is available on the link below: Read the transcript.
If you would like to listen to our podcasts on the go:
Amazon music for Podcasters Spotify SoundCloud YouTube Music
Podcast
Duration 12m 13s
In this series
Show all podcasts
(Event List - Manual)
Interim Budget 2024: Impact on individuals and India Inc.
In the latest episode of our Interim Budget 2024 series, we discuss the impact of budget announcements on individuals as well as businesses. Our guest, Sonu Iyer, Partner, People Advisory Services (Tax), EY India, provides valuable Insights into the key aspects highlighted by Finance Minister Nirmala Sitharaman.
Podcast
Duration
09m 56s
Presenters
Interim Budget 2024: Tax navigation, BEPS 2.0 and energy transition
In the latest episode of our podcast series on Interim Budget 2024, EY India Energy Tax Leader Raju Kumar talks about the critical areas within direct taxation, potential changes in the upcoming budget, and the significance of Base erosion and profit shifting (BEPS) 2.0.
Podcast
Duration
10m 38s
Presenters
Interim Budget 2024: Balancing growth and fiscal deficit
In the latest episode of our EY India Insights podcasts, prior to the FY25 interim budget due in February, we take a look at the country’s macro-economics, growth prospects, and the need to set a path for fiscal balance. EY India Chief Policy Advisor Dr. D.K. Srivastava delves into the economic intricacies that are shaping India's future.
Podcast
Duration
10m 09s
Presenters
Budget 2023 and tax litigation
In this podcast we discussed tax litigation, which is something that businesses, large organizations, tax experts and the government all want to tackle. In her Budget speech on 1 February, Finance Minister Nirmala Sitharaman proposed several changes that will modify the taxation for some sectors.
Podcast
Duration
09m 11s
Presenters
Budget 2023 and its macroeconomic projections
In this podcast, Dr. D.K. Srivastava, Chief Policy Advisor, EY India, talks to us on the key messages from the Economic Survey and the Budget 2023 from a macroeconomic perspective.
Podcast
Duration
12m 18s
Presenters
Budget 2023 and its impact on individuals
In this podcast, Sonu Iyer, Tax Partner and National Leader – People Advisory Services, EY India, talks to us about the implications of Budget 2023 announcements on individual taxpayers.
Podcast
Duration
16m 49s
