Budget 2024: Goldman Sachs Predicts 'Golden' Fiscal Future Of India; Releases Sector-wise Prediction

Goldman Sachs anticipates that India will adhere to its fiscal deficit target of 5.1% of GDP for FY25 in the upcoming budget. This commitment may signal a long-term economic policy vision extending towards 2047. The budget is expected to prioritize job creation, particularly through labor-intensive manufacturing and providing credit for MSMEs. Additionally, there may be a significant focus on the rural economy, food supply chain, and inventory management.
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