India’s budget will be announced on 1 Feb. So, let’s discuss what can be changed. First let’s see that India’s growth will be predicted by the IMF to be 6.1%. while America will grow by 1.4% and China by 5.2%. So, it can be said that 2024 will be good for India. As seen by Narendra Modi Amrit kal is moving towards the mission. while predicted when the world is worried about the recession that will affect India.
PLI( production linked incentive scheme) implemented by the Atma Nirbhar India has given new direction to India. So that manufacturing in India is increasing. The PLI scheme started with 3 sectors which was later implemented in 11 sectors. And it is estimated that it will still be applied in many sectors like, electric equipment and bicycles.
In the PLI scheme 2023 capital expenditure was 40 thousand crores. Which has increased to 1 lakh crores and there is still a possibility of increasing.
Scheme like Garib Kalyan Melo and providing cheap medicine though Jan Aushadhi will be extended.
In the last budget 400 semi high speed trains will introduce the next generation on the vande Bharata train in 3 years.
Government will modernize the railway and also increase the railway tracks. Along with this Rajdhani train will be replaced and 180 km/hr train will be brought. Hence this sector will also have a good budget.
According to the power ministry India’s energy generation capacity is expected to touch 800GW from the current 400 GW by 2030 which more than 500GW will be generated from non-fossil fuel sources and to fulfill this Target the government will make some announcement regarding power and renewable energy in the coming budget.
When Energy generation takes place, it becomes necessary to create a system for its distribution as well as the infrastructure of distribution and transmission the ministry of Power has already issued its Overture to the ministry of finance to increase the budget outlay for their flagship revamped distribution sector scheme (RDSS) In the coming budget to double it up to Rs. 15000 crores. There is a plan under power ministry that wants to connect more homes and that too with smart meters.