India's Economic Roadmap: Budget 2024 and Beyond for Viksit Bharat

• India is projected to grow above 7% GDP, poised to become the world's third-largest economy soon, amidst global geopolitical upheaval.
• Sustaining high GDP growth requires significant policy initiatives, as 'low-hanging fruits' like tax exemptions and GST reforms have already been utilized.
• The upcoming budget is crucial for outlining India's roadmap to Viksit Bharat, with policymakers acknowledging challenges like the low share of the manufacturing sector.
• Factor market reforms, especially in land and capital, and addressing policy gaps in the MSME sector are vital for boosting manufacturing and equitable growth.
• Focus on bottom-up economic growth through cultural diversity, handicrafts, and skilling artisans, alongside balanced geographical development in Eastern states, is emphasized.

Why It Matters: India's economic future hinges on strategic budget policies, manufacturing growth, and inclusive development for Viksit Bharat.