The worst kept secrets about India’s maritime history in modern India is that it undercounted its maritime boundary by nearly 40 percent and has a negligible share of global shipbuilding capability. Now India wants to make up for this strategic blunder. This year’s Union Budget provided yet another push to nudge India’s audacious ambition to become a global shipbuilding hub in the next 10 years. https://youtu.be/4qvbbnUQ4Ew Can India pull this off? Is the support in the budget sufficient? To answer all this and more, StratNewsGlobal.Tech spoke to Arjun Chowgule, Executive Director, Chowgule Group.
Author: Anil Padmanabhan
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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…