{"id":16685,"date":"2024-01-31T18:54:36","date_gmt":"2024-01-31T13:24:36","guid":{"rendered":"https:\/\/univest.in\/blogs\/?p=16685"},"modified":"2024-01-31T18:54:36","modified_gmt":"2024-01-31T13:24:36","slug":"union-budget-2024-expectations-highlights","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/union-budget-2024-expectations-highlights\/","title":{"rendered":"Pre Budget Expectations 2024 &#8211; Univest Edition"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/union-budget-2024-expectations-highlights\/#As_the_date_for_the_official_presentation_of_the_Union_Budget_approaches_theres_a_hidden_sense_of_excitement_and_anticipation_in_India_The_interim_budget_which_is_scheduled_to_be_announced_on_February_1st_is_being_closely_watched_by_economists_investors_politicians_and_the_general_public_alike\" title=\"As the date for the official presentation of the Union Budget approaches, there&#8217;s a hidden sense of excitement and anticipation in India. The interim budget, which is scheduled to be announced on February 1st, is being closely watched by economists, investors, politicians, and the general public alike.\">As the date for the official presentation of the Union Budget approaches, there&#8217;s a hidden sense of excitement and anticipation in India. The interim budget, which is scheduled to be announced on February 1st, is being closely watched by economists, investors, politicians, and the general public alike.<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/union-budget-2024-expectations-highlights\/#Here_are_some_budget_expectation_that_we_can_see\" title=\"Here are some budget expectation that we can see:\">Here are some budget expectation that we can see:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/union-budget-2024-expectations-highlights\/#Fiscal_Balancing_Act\" title=\"Fiscal Balancing Act:\">Fiscal Balancing Act:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/union-budget-2024-expectations-highlights\/#Boosting_Infrastructure_and_Employment\" title=\"Boosting Infrastructure and Employment:\">Boosting Infrastructure and Employment:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/union-budget-2024-expectations-highlights\/#Tax_Tweaks_and_Social_Welfare\" title=\"Tax Tweaks and Social Welfare:\">Tax Tweaks and Social Welfare:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/union-budget-2024-expectations-highlights\/#Boost_for_Rural_Economy\" title=\"Boost for Rural Economy:\">Boost for Rural Economy:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/union-budget-2024-expectations-highlights\/#Green_Push_and_Technology_Focus\" title=\"Green Push and Technology Focus:\">Green Push and Technology Focus:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/union-budget-2024-expectations-highlights\/#Industry_and_Manufacturing_Support\" title=\"Industry and Manufacturing Support:\">Industry and Manufacturing Support:<\/a><\/li><\/ul><\/nav><\/div>\n<h5><span class=\"ez-toc-section\" id=\"As_the_date_for_the_official_presentation_of_the_Union_Budget_approaches_theres_a_hidden_sense_of_excitement_and_anticipation_in_India_The_interim_budget_which_is_scheduled_to_be_announced_on_February_1st_is_being_closely_watched_by_economists_investors_politicians_and_the_general_public_alike\"><\/span>As the date for the official presentation of the Union Budget approaches, there&#8217;s a hidden sense of excitement and anticipation in India. The interim budget, which is scheduled to be announced on February 1st, is being closely watched by economists, investors, politicians, and the general public alike.<span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>This year&#8217;s budget is particularly significant, given that it is being presented during a critical phase of economic recovery and political transition.<\/p>\n<p>There are high expectations and intense speculations about the budget&#8217;s scope, direction, and impact on various sectors of the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Economy_of_India\" rel=\"nofollow noopener\" target=\"_blank\">Indian economy<\/a>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Here_are_some_budget_expectation_that_we_can_see\"><\/span><strong>Here are some budget expectation that we can see:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"Fiscal_Balancing_Act\"><\/span><strong>Fiscal Balancing Act:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Managing the fiscal deficit is a major concern for the government. The Finance Minister faces a challenge in balancing fiscal responsibility with measures that promote growth. Although the government intends to stick to its consolidation plans, concerns about inflation and global economic challenges persist.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Boosting_Infrastructure_and_Employment\"><\/span><strong>Boosting Infrastructure and Employment:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The government aims to achieve a $5 trillion economy and is prioritizing infrastructure development. Plans include increasing funding for roads, railways, renewable energy, and digital infrastructure. The government also plans to address youth unemployment by creating more jobs.<\/p>\n<p><em><strong>Infrastructure stocks to keep an eye on:<\/strong> <a href=\"https:\/\/univest.in\/stocks\/ltts\/l%26t-technology-services-ltd-share-price-today\">L&amp;T<\/a>, <a href=\"https:\/\/univest.in\/stocks\/pncinfra\/pnc-infratech-ltd-share-price-today\">PNC Infratech<\/a>, <a href=\"https:\/\/univest.in\/stocks\/dalbharat\/dalmia-bharat-ltd-share-price-today\">Dalmia Bharat<\/a>, <a href=\"https:\/\/univest.in\/stocks\/knrcon\/knr-constructions-ltd-share-price-today\">KNR Construction<\/a>, <a href=\"https:\/\/univest.in\/stocks\/pncinfra\/pnc-infratech-ltd-share-price-today\">PNC Infratech<\/a>, <a href=\"https:\/\/univest.in\/stocks\/rites\/rites-ltd-share-price-today\">RITES<\/a>, <a href=\"https:\/\/univest.in\/stocks\/kec\/kec-international-ltd-share-price-today\">KEC International<\/a>, <a href=\"https:\/\/univest.in\/stocks\/ahlucont\/ahluwalia-contracts-(india)-ltd-share-price-today\">Ahluwalia Contracts<\/a>, <a href=\"https:\/\/univest.in\/stocks\/astral\/astral-ltd-share-price-today\">Astral<\/a> and <a href=\"https:\/\/univest.in\/stocks\/tatapower\/tata-power-company-ltd-share-price-today\">Tata Power<\/a>.<\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tax_Tweaks_and_Social_Welfare\"><\/span><strong>Tax Tweaks and Social Welfare:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Income tax reforms are a perennial topic of pre-budget discussions. While major changes are unlikely in this interim budget, some adjustments in slabs, deductions, and exemptions are expected. Additionally, increased allocations for social welfare schemes like the Pradhan Mantri Kisan Samman Nidhi and Ayushman Bharat are being widely anticipated.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Boost_for_Rural_Economy\"><\/span><strong>Boost for Rural Economy:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The agricultural sector is critical for ensuring food security in India. To support this sector, the Pradhan Mantri Kisan Samman Nidhi scheme may receive increased funding, and crop insurance coverage could be improved. Additionally, investments in rural infrastructure and irrigation projects could empower the agricultural community further.<\/p>\n<p><em><strong>Rural themed stocks to keep an eye on:<\/strong> <a href=\"https:\/\/univest.in\/stocks\/maruti\/maruti-suzuki-india-ltd-share-price-today\">Maruti Suzuki<\/a>, <a href=\"https:\/\/univest.in\/stocks\/mindacorp\/minda-corporation-ltd-share-price-today\">Minda Corp<\/a>, <a href=\"https:\/\/univest.in\/stocks\/heromotoco\/hero-motocorp-ltd-share-price-today\">Hero MotoCorp<\/a>, <a href=\"https:\/\/univest.in\/stocks\/m%26m\/mahindra-%26-mahindra-ltd-share-price-today\">M&amp;M<\/a>,<a href=\"https:\/\/univest.in\/stocks\/escorts\/escorts-kubota-ltd-share-price-today\"> Escorts Kubota Ltd<\/a>.<\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Green_Push_and_Technology_Focus\"><\/span><strong>Green Push and Technology Focus:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The upcoming budget is expected to focus on two important areas &#8211; sustainability and digital transformation. The budget will encourage the use of green technologies, promote the adoption of electric vehicles, and fund renewable energy initiatives. Additionally, the budget will encourage the use of technology across different sectors and support research and development to promote innovation.<\/p>\n<p><em><strong>Green Energy Stocks to keep an eye on:<\/strong> <a href=\"https:\/\/univest.in\/stocks\/adanigreen\/adani-green-energy-ltd-share-price-today\">Adani Green Energy<\/a>, <a href=\"https:\/\/univest.in\/stocks\/jswenergy\/jsw-energy-ltd-share-price-today\">JSW Energy<\/a>, <a href=\"https:\/\/univest.in\/stocks\/ntpc\/ntpc-ltd-share-price-today\">NTPC Limited<\/a>, K.P. Energy LTD<\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Industry_and_Manufacturing_Support\"><\/span><strong>Industry and Manufacturing Support:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The manufacturing industry, which is a significant contributor to economic growth, expects initiatives to improve competitiveness and attract foreign investments. This may involve simplifying regulatory procedures, providing tax incentives, and offering skill development programs.<\/p>\n<p><em><strong>Manufacturing Industry stocks to keep an eye on:<\/strong> <a href=\"https:\/\/univest.in\/stocks\/upl\/upl-ltd-share-price-today\">UPL<\/a>, <a href=\"https:\/\/univest.in\/stocks\/drreddy\/dr-reddy&#039;s-laboratories-ltd-share-price-today\">Dr. Reddy&#8217;s Laboratories<\/a>, <a href=\"https:\/\/univest.in\/stocks\/itc\/itc-ltd-share-price-today\">ITC Limited<\/a>, <a href=\"https:\/\/univest.in\/stocks\/tatasteel\/tata-steel-ltd-share-price-today\">Tata Steel Ltd<\/a><\/em><\/p>\n<p><em>Budgets aren&#8217;t just about money. They also have an impact on society and the economy. It&#8217;s important to consider how policies affect everyone. We need to make sure that benefits are distributed fairly, that rural areas are developed, and that marginalized communities&#8217; concerns are addressed.<\/em><\/p>\n<p>The countdown to February 1st is on and people are eagerly waiting for the government to reveal their plans for the upcoming year. This includes everyone from industry leaders to everyday citizens. The budget announcement will impact India&#8217;s economic and social direction, especially in the year leading up to the next election.<\/p>\n<p><em>While we don&#8217;t know if the budget will live up to expectations, it&#8217;s crucial for the government to set the right tone.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the date for the official presentation of the Union Budget approaches, there&#8217;s a hidden sense of excitement and anticipation in India. The interim budget, which is scheduled to be announced on February 1st, is being closely watched by economists, investors, politicians, and the general public alike. This year&#8217;s budget is particularly significant, given that<\/p>\n","protected":false},"author":15,"featured_media":26908,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[],"class_list":["post-16685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"metadata":{"_last_editor_used_jetpack":["classic-editor"],"_edit_lock":["1706707477:13"],"_edit_last":["13"],"rank_math_internal_links_processed":["1"],"rank_math_seo_score":["78"],"rank_math_focus_keyword":["budget"],"rank_math_title":["Union Budget 2024 Expectations Highlights-Univest"],"rank_math_description":["The interim budget, which is scheduled to be announced on 1st Feb, is being closely watched by economists, investors, politicians, and the general public alike. 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