Finance Minister Nirmala Sitharaman presented her fifth Budget on Wednesday, February 1.
In a year when India would see nine state elections, followed by the general election in May next year, the 2023-24 Budget had something for all. However, the Opposition asserted that the Budget let down low-income and underprivileged families and did not take into account future challenges, including a slowdown in world trade, a global recession in 2023-24, and a deterioration in the security situation after the Russia-Ukraine war, which could affect the Indian economy fundamentally.
Senior citizens and those who are about to retire have reaped a rich harvest in the Budget. Following the electoral setback to the BJP in Himachal Pradesh, to which a big contributor was discontent with the new Pension Scheme, government servants and middle-class employees
First Published: Feb 01 2023 | 9:12 PM IST