Friday, November 8, 2024

Budget 2024 | Experts evaluate impact on manufacturing, infrastructure and critical minerals – CNBC TV18

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The Union Budget 2024 aims to make India a manufacturing hub by focusing on niche technologies, job creation, and infrastructure development.

Finance Minister Nirmala Sitharaman presented the first Union Budget of the Modi 3.0 government and her seventh consecutive budget during the Monsoon Session of Parliament. She highlighted that this budget’s focus will be on employment, skilling, Ministry of Micro, Small and Medium Enterprises (MSME) and the middle class.

In an interview with CNBC-TV18, Dr Sangita Reddy, Joint MD of Apollo Hospitals; Rajan Mittal, Vice Chairman of Bharti Enterprises, Sandip Somany, CMD of AGI Greenpac and Subhrakant Panda, MD of Indian Metals and Ferro Alloys Limited (IMFA) discussed at length about how the finance minister has fared when it comes to increasing the manufacturing footprint of the country, exports and trade facilitation.

Catch FM Sitharaman’s Budget 2024 speech live updates here

Dr Sangeeta Reddy acknowledged that the budget has unleashed animal spirits, while Rajan Bharti Mittal emphasised the need for private sector investment. Sandeep Somany agreed with the comprehensive approach, and Subhrakant Panda highlighted the continued focus on infrastructure and critical minerals.

Check Budget 2024 Income Tax slab changes live updates

For more details, watch the accompanying video

Stock market reaction to Budget 2024 live updates

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