Budget 2024: Boosting Confidence, Urban Growth, and India's Platform Economy

• The Budget reinforces India's strong economic position with high growth and benign inflation, fostering confidence amid global uncertainties.
• Key initiatives like infrastructure focus, 'City Economic Regions' vision, and support for tourism will accelerate urbanization, benefiting quick commerce and food delivery platforms like Swiggy.
• The ₹10,000 crore SME Growth Fund and women entrepreneur initiatives will empower small businesses, cloud kitchens, and women-led ventures, driving consumption.
• Platform work is recognized as a crucial employment pillar, with the Budget extending health coverage to over one crore gig workers under PM Ayushman Bharat.
• Ongoing reforms, including GST simplifications, income tax cuts, and labor reforms, are strengthening India's dynamic and inclusive economy.

Why It Matters: The Budget strengthens India's economy by promoting urban growth, supporting platform workers, and fostering business confidence.