India Union Budget 2023-24

Analysis of the Union Budget of India

In her Union Budget 2023-24 speech, finance minister Nirmala Sitharaman announced a slew of measures focused on boosting — short-term and long-term — economic growth of India. 

The government of India has charted a roadmap for the next 25 years and the Budget gives an indicator on the focus areas that will have a long-lasting impact on India’s growth story. 

Financial sector, green growth, the power of youth, unleashing the potential, inclusive development, infrastructure and investment, and reaching the last mile have emerged as key priority areas from the Union Budget 2023. 

5G is set to bring digital transformation in the country and the Budget speech indicated further impetus on it.

The Budget speech highlighted the government’s empathy towards the start-up ecosystem which was evident in extending the period by a year for start-ups to avail tax incentives.

Measures like funds being allocated for projects that will lead to reduction carbon intensity of the economy illustrates that the government understands the risks of climate change are one of the strongest externalities of the world.

With the influx of announcements from the Union Budget, it is important to decode what the ripple effect will be in different sectors. BCG India's subject matter experts and thought leaders across sectors share their strategic views and industry-specific perspectives on the impact of the Union Budget 2023-24.

Analysis of the Union Budget: Insights from Our Experts

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Pre-Budget Expectations from Our Experts

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India Union Budget 2023-24