24/7/2024, 2:58:05 pm

Fiscal discipline, tax rationalisation in budget '24 indicate glide path

Budget 2024 focuses on fiscal discipline, targeting a fiscal deficit of 4.9% of GDP in FY24-25 and 4.5% in FY25-26. Gross borrowing stands at Rs 14.01 lakh crore, and inflation remains under control. This bodes well for debt market investors, with potential downward trend in interest rates and capital gains. Loan rates may also decrease.