Shri Ashishkumar Chauhan, MD and CEO of the National Stock Exchange (NSE), has delivered a resounding endorsement of the Union Budget 2024, praising its focus on job creation and support for entrepreneurship. Chauhan highlighted key measures introduced by Finance Minister Smt. Nirmala Sitharaman that are set to drive significant economic advancements.
Chauhan lauded the budget’s dual emphasis on enabling job creation through both the private and public sectors. He pointed out that the budget’s initiatives, including the relief on angel tax and an increase in the Mudra loan scheme limit from Rs 10 lakhs to Rs 20 lakhs per individual, are designed to boost India’s startup ecosystem and foster a culture of entrepreneurship.
Additionally, Chauhan noted the budget’s strategic focus on increasing women’s participation in the labor force, which is expected to enhance India’s demographic dividend. The budget’s commitment to skill development, coupled with infrastructure investment and a reduction in the fiscal deficit to 4.9%, was also recognized. Chauhan appreciated the careful balance maintained between fiscal discipline and economic growth, praising the budget for its thoughtful approach.Overall, Chauhan awarded the budget a perfect 10/10 for its comprehensive and forward-looking strategy.
