False


Download Learnerz IAS app from the Play Store now! Download

$show=search/label/May%202022

 


Highlights and Concerns from India's 2024 Union Budget UPSC NOTE

SHARE:

  Fiscal Targets and Revenue Concerns The Budget sets a fiscal deficit target of 4.4% of GDP for FY26 , relying on ambitious tax revenue gro...

 Fiscal Targets and Revenue Concerns

  • The Budget sets a fiscal deficit target of 4.4% of GDP for FY26, relying on ambitious tax revenue growth and asset monetization.

  • Optimistic revenue projections may not be realistic given the economic challenges and past underperformance of asset monetization.

  • The ₹11.54 lakh crore market borrowings could crowd out private capital amid weak credit demand.

  • Successful revenue generation will depend on better tax administration and realistic asset monetization strategies.

Tax Cuts and Economic Impact

  • Personal income tax revisions offer relief but result in ₹1 lakh crore in foregone revenue.

  • The tax cuts risk limiting government funds for critical investments in infrastructure and welfare.

  • Declining household savings and tax-base erosion raise concerns about the long-term sustainability of these cuts.

  • The cuts may negatively impact the ability to stimulate investment and maintain economic stability.

Manufacturing and Agriculture Challenges

  • The Budget focuses on boosting manufacturing through PLIs and credit facilities for MSMEs, but core issues like infrastructure and innovation remain unaddressed.

  • Despite efforts, India's manufacturing sector still lags, contributing only 17% to GDP.

  • Agricultural initiatives focus on productivity and climate resilience but fail to tackle market inefficiencies and price volatility.

  • There is insufficient support for agricultural exports, a missed opportunity for growth in the sector.

External Sector and Climate Action

  • Export support measures like Bharat Trade Net (BTN) and credit facilities for MSMEs lack the scale to address trade deficits effectively.

  • Services exports continue to grow, but there is limited effort to diversify and strengthen other sectors.

  • The Budget shows intent for climate action but lacks transformative investments in energy storage and industrial decarbonization.

  • Supply-chain resilience measures, while pragmatic, do not fully address the broader low-carbon transition challenges.

COMMENTS

Name

Amritsar,1,April 2024,301,Art & Culture,12,August 2023,251,August 2024,400,Courses,7,Daily Current Affairs,51,December 2023,189,December 2024,340,Disaster Management,2,Environment and Ecology,348,February 2024,229,February 2025,155,Foundation Course,1,Free Class,1,GDP,1,GEMS Club,1,GEMS Plus,1,Geography,334,Govt Schemes,2,GS 2,1,GS1,104,GS2,761,GS3,615,GS4,11,GST,1,History,12,Home,3,IAS Booklist,1,Important News,71,Indian Economy,328,Indian History,27,Indian Polity,352,International Organisation,12,International Relations,277,Invasive Plant,1,January 2024,241,January 2025,350,July 2023,281,July 2024,375,June 2022,6,June 2023,268,June 2024,324,March 2024,238,May 2022,17,May 2024,330,Mentorship,2,November 2023,169,November 2024,341,Novermber 2024,2,October 2023,203,October 2024,369,Places in News,2,SC,1,Science & Technology,345,Science and Technology,121,September 2023,205,September 2024,336,UPSC CSE,115,UPSC Tips,4,
ltr
item
Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Highlights and Concerns from India's 2024 Union Budget UPSC NOTE
Highlights and Concerns from India's 2024 Union Budget UPSC NOTE
https://lh7-rt.googleusercontent.com/slidesz/AGV_vUdbxVtDhQaqDh_Kx8nwirmdM3jGbtxVc1d9JLIuOZxbNVvxy-ncVBgMLwO5PFGX25NQJm2LeKLdXBJB0hhGkx-VgTuiWgVo6_I6IjEzk8Te-NIrEI2bkR8r0a_rTuGGQHFHNNL6N8PkfcTYH80i-Z0=s2048?key=hx7dZB4yKP9TNK9BdPUJWYCG
https://lh7-rt.googleusercontent.com/slidesz/AGV_vUdbxVtDhQaqDh_Kx8nwirmdM3jGbtxVc1d9JLIuOZxbNVvxy-ncVBgMLwO5PFGX25NQJm2LeKLdXBJB0hhGkx-VgTuiWgVo6_I6IjEzk8Te-NIrEI2bkR8r0a_rTuGGQHFHNNL6N8PkfcTYH80i-Z0=s72-c?key=hx7dZB4yKP9TNK9BdPUJWYCG
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
https://www.learnerz.in/2025/02/highlights-and-concerns-from-indias.html
https://www.learnerz.in/
https://www.learnerz.in/
https://www.learnerz.in/2025/02/highlights-and-concerns-from-indias.html
true
4761292069385420868
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content