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Showing posts with the label Budget 2023-24

Deloitte India Union Budget 2023: Pre Budget Survey

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The Union Budget 2023: Pre Budget Survey is an important exercise for the Government of India to understand the public’s opinion on the budget. This survey will help the government formulate policies and make decisions that are in sync with the public’s expectations. It will also provide insights into areas where people feel more investment is needed, and what kind of investment is expected from the government. The pre budget survey aims to capture public opinion on various aspects of taxation, subsidies, investments, infrastructure development, and other issues related to the Union Budget 2023. Additionally, there is a need to reform the Indian tax system in order to make it more equitable and efficient. The Union budget survey also revealed that respondents wanted to see increased investment in infrastructure, as well as more focus on agricultural reforms, which could help to strengthen the rural economy.  Finally, the budget survey showed that people want to see greater transparency

How will the Budget 2023 address the global recession should it impact India?

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People all around the world have personally witnessed unimaginable incidents that have had lasting effects. The COVID-19 crisis, Russia's invasion of Ukraine, and other factors have put people in an extremely vulnerable position. People worldwide are worn out and dealing with the challenges brought on by increased living expenses. Perhaps, unsurprisingly the gloom is being reflected at home. The world economy was devastated by persistent inflation that reached high records across several nations following COVID-19. Leading central banks have aggressively raised interest rates to control prices, which has resulted in a significant decline in global GDP and the risk of economic recession. There was a lot of speculation about a recession a few months back, but the topic has changed dramatically. India's economy will always be affected by recessions, but the question is how deeply. In this write-up, we have covered an assessment of the global economy. So, begin with the most trendi