Interim Budget 2024: In 2023, central bankers worldwide will coordinate efforts to fight inflation. The Modi government may opt for subsidies and tax cuts in the upcoming interim budget to further ease the fight against inflation. The Interim Budget will be closely watched to assess the government's fiscal prudence. The 2024 Union Budget may focus on prudent spending, boosting productivity, and implementing coordinated monetary-fiscal policies. Welfare spending is expected to be a main focus as elections approach, and robust tax collections provide some fiscal flexibility.
