Shri Ashishkumar Chauhan, the corporate maestro steering the National Stock Exchange (NSE), orchestrates applause for Budget 2024, grading it as a financial sonata that resonates with corporate brilliance. Chauhan, in his corporate critique, lauds the government’s commitment to policy and taxation continuity, providing a harmonious backdrop for corporate strategy. With a perfect 10/10, the budget’s focus on growth, welfarism, and fiscal restraint becomes a virtuoso performance in economic governance.
The revised fiscal deficit for FY23-24, standing at 5.8%, becomes a key metric in the corporate scorecard, signaling fiscal prudence with a 10bps improvement from the initial projection. The subsequent reduction to 5.1% for FY24-25 reinforces the government’s corporate acumen in financial management. The corporate crescendo reverberates with a record capex outlay of Rs 11.11 lakh crore, an investment symphony at 3.4% of GDP—the highest in 26 years. Chauhan, in his corporate review, highlights the strategic allocation towards roads, transport, and railways, promising a transformative 27% CAGR over the last five years.
Capital expenditure takes center stage, composing 23.3% of total expenditure—the highest in 30 years. Chauhan, the corporate strategist, commends the budget’s social security framework, seamlessly integrating power, health, housing, cooking gas, and financial inclusion—a melody for corporate prosperity and sustainable business brilliance.
