Arun Poddar, CEO and Executive Director, Choice International, engaged in providing financial services, provides his expectations for the upcoming budget
FinTech BizNews Service
Mumbai, July 10, 2024: Union Budget, 2024-25 will be presented in Lok Sabha on 23 July, 2024. Arun Poddar, CEO and Executive Director, Choice International, engaged in providing financial services, provides his expectations for the upcoming budget:
"As we anticipate the Budget 2024, we expect measures that will further propel India's economic growth trajectory. We look forward to initiatives that will bolster the financial ecosystem, including banking, insurance, and capital markets. These sectors are the backbone of our economy, facilitating capital flow and risk management. We hope to see policies that enhance market depth, promote wider participation, and encourage technological innovation in financial services. Additionally, we anticipate a continued focus on disinvestment and an expansion of the Production Linked Incentive (PLI) scheme to include more sectors, providing further impetus to the manufacturing sector.
Key economic priorities should include infrastructure development, job creation, and attracting foreign investments. These steps will be vital in maintaining India's position as one of the fastest-growing major economies. We also look forward to reforms that will simplify regulations and ease of doing business, particularly in the financial sector, to boost investor confidence and market stability. Lastly, potential adjustments to the tax structure for lower-income brackets could stimulate consumer spending and drive economic momentum, further reinforcing India's growth narrative.”
