Will Budget 2024 Deliver on CAPEX Targets and Tax Relief for Middle Class? | Budget Expectations

The government is focused on maintaining the push for capital expenditure (CAPEX) in the budget for 2024, as they aim to lower the fiscal deficit. The direct and indirect tax collection is strong, but there is a need to understand the room for tax relief. It is important to know the government's CAPEX target and how it will benefit India. Additionally, it is necessary to determine if there will be any tax relief for the middle class and regular individuals, as well as if the government plans to expand tax slabs for Indians. The robust tax collections and the increase in GDP forecast by the IMF are positive indicators. It is crucial for the government to take appropriate actions in response to these factors. Watch Siddhartha Sanyal, Bandhan Bank & Sumit Sighania, Partner, Deloitte India on ET Now.
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