Over the years, several prominent ministers of the Indian government have spoken about the need to go green and the initiatives they have undertaken to achieve it. Announcements for the sector are likely to help India not only lower its carbon emissions but also reduce its dependence on fossil fuels. This, in turn, will help the government address fiscal deficit challenges and bring it within comfort levels.
Summing it up
While these sectors are likely to witness major announcements in the interim budget 2024, one has to wait and watch if the finance minister springs any surprises. As it’s an election year, the government’s focus will be to present a vision for further consolidation of the economy. This will not only help to aid India’s economic progress but also strike a chord with the voters.
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