Shri Ashishkumar Chauhan, MD and CEO of the National Stock Exchange (NSE), offered an enthusiastic endorsement of the Union Budget 2024, presented by Finance Minister Smt. Nirmala Sitharaman. Chauhan praised the budget for its comprehensive strategy to boost India’s economic growth and innovation.
Chauhan highlighted the budget’s focus on job creation, emphasizing the collaborative effort between the private and public sectors. He pointed out two major initiatives: relief on angel tax and the increase in the Mudra loan scheme limit from Rs 10 lakhs to Rs 20 lakhs per person. “These measures are designed to support entrepreneurs and stimulate job creation, fostering a robust startup ecosystem,” Chauhan stated.
The budget’s commitment to increasing women’s participation in the workforce was also noted. Chauhan applauded this move as crucial for leveraging India’s demographic potential. Additionally, he commended the budget for maintaining infrastructure investment while reducing the fiscal deficit to 4.9%, highlighting its balanced approach to economic stability.