Industry Budget 2024 Live Updates: Indian corporations are focusing on significant measures such as tax holidays, GST exemptions, and grants under the PLI scheme, among other incentives.

Industry Union Budget 2024-25 Live Updates: Finance Minister Nirmala Sitharaman is set to present the Union Budget today (July 23). India Inc is hopeful for measures to boost consumption, announcements on taxation, GST exemptions, and grants under the PLI scheme. This marks Sitharaman’s seventh consecutive Budget and the first for the newly elected Prime Minister Narendra Modi-led NDA government. The Budget is crucial for various sectors such as manufacturing, semiconductors, consumer goods, technology, and hospitality. With the government's focus on the 'Make in India' initiative and 'Atma Nirbhar Bharat', the manufacturing sector anticipates further allocations and financial incentives to aid industry revival and enhance self-sufficiency. Additionally, sectors like real estate, consumer goods, and FMCG are looking for measures to boost the rural economy and drive consumption nationwide. There is speculation about potential reductions in personal taxes and grants for consumer-focused sectors, along with hopes for GST rationalisation.