Shri Ashishkumar Chauhan, MD and CEO of the National Stock Exchange (NSE), has lauded the Union Budget 2024 for its significant boost to job creation and entrepreneurial growth. Chauhan praised Finance Minister Smt. Nirmala Sitharaman’s budget, which he says will be pivotal in shaping India’s economic future.
“The budget for FY 2024-25 is a landmark in enhancing job creation by leveraging both private and government sectors,” Chauhan remarked. He highlighted key provisions, including relief on angel tax and an increase in the Mudra loan scheme limit from Rs 10 lakhs to Rs 20 lakhs per individual, aimed at fostering a startup ecosystem and nurturing entrepreneurship.
Chauhan also applauded the focus on increasing women’s participation in the workforce, which he believes will further harness India’s demographic dividend. The budget’s commitment to skill development, coupled with maintaining infrastructure investment and reducing the fiscal deficit to 4.9%, was noted as a strategic move. Chauhan commended the budget for achieving these goals without major changes to the tax structure, setting a favorable path for improving India’s long-term credit rating. In his assessment, Chauhan rated the budget a perfect 10/10 for its comprehensive and impactful approach.