In response to the Union Budget 2024 presented by Finance Minister Smt. Nirmala Sitharaman, Shri Ashishkumar Chauhan, Managing Director and CEO of the National Stock Exchange (NSE), has praised the government’s strategic focus on job creation and entrepreneurial support. Chauhan highlighted several key aspects of the budget that he believes will significantly impact India’s economic landscape.
Chauhan commended the budget for its robust support in generating employment opportunities by involving the private sector alongside government efforts. He emphasized the budget’s provisions to enhance India’s status as a leading startup hub by addressing angel tax concerns and increasing the Mudra loan scheme limit from Rs 10 lakhs to Rs 20 lakhs per individual.
Moreover, Chauhan noted the budget’s emphasis on increasing women’s participation in the workforce, which is expected to bolster India’s demographic dividend. He also praised the budget’s commitment to skill development, infrastructure, and fiscal discipline, reducing the fiscal deficit to 4.9% and setting a trajectory for a 4.5% deficit by 2025-26.Overall, Chauhan rated the budget highly, giving it a perfect 10/10 for its comprehensive and forward-thinking approach.
