Author: Anil Padmanabhan

Union Budget 2024: Key Takeaways and Expert Insights The lead-up to the Union Budget 2024 was turbulent. The global economy appeared fragile, with the US on the verge of a trade war. Domestically, India’s post-COVID recovery was slowing, and concerns over excessive taxation were mounting, especially among the middle class. https://youtu.be/yzf9rq9yFH4 However, on 1 February, Finance Minister Nirmala Sitharaman presented a Budget that seemed to shift the narrative. The most striking aspect was the ₹1 lakh crore in tax relief aimed at easing the burden on the middle class. Yet, her eighth Budget offered much more. To break down…

The run-up to this year’s Union Budget was chaotic. The global environment was threatening to turn from bad to worse, with the United States poised to unleash a trade war. Domestically, there were clear signs that the post-covid recovery was losing steam. On top of this, tax overreach was testing everyone’s patience, particularly the middle class. https://youtu.be/yzf9rq9yFH4 On 1 February though, it was as though Finance Minister Nirmala Sitharaman had flipped a switch. The highlight of the Budget was her Rs 1 lakh crore tax giveaways to the middle class. However, the FM’s eighth Budget had lots more. To unpack…