In 2024 Union Budget, Focus Likely On Jobs, Rural India: Goldman Sachs

The budget proposal for the financial year ending March 2025 will be presented on July 23, the government said over the weekend.

The 2024 Union Budget may tilt towards, but not pivot to welfare spending, with a focus on rural economy and job creation, economists at Goldman Sachs said in a note on Monday.

The budget proposal for the financial year ending March 2025 will be presented on July 23, the government said over the weekend.

Goldman economists expect the government to stick to its fiscal deficit target of 5.1% of GDP set in the interim budget but said it will likely make an "overarching statement" about long-term economic policy.