Sun Feb 02 15:58:37 UTC 2025: ## India’s Budget 2024 Prioritizes Poor, Youth, Farmers, and Women; Tax Regime Choices Explained

**Mumbai, India** – India’s Budget 2024, unveiled today, focuses heavily on welfare initiatives for the poor (“Gareeb”), youth, farmers (“annadata”), and women (“naari”). The budget also introduces complexities in the tax system, offering individuals a choice between a new and an old tax regime. The Economic Times provides tools to help citizens determine which regime offers the most favorable tax outcome.

While the budget’s social spending is a key highlight, market reaction remains mixed. Zomato’s recent 20% share price drop in a month, following a strong 2024 start, has sparked debate, with some analysts questioning the impact of Blinkit’s performance. Meanwhile, the robust performance of Shakti Pumps, up 400% in a year, is puzzling some mutual fund managers. Global economic factors, such as the Federal Reserve’s stance on interest rate cuts, are also expected to influence the Reserve Bank of India’s decisions. The tech sector is seeing innovation driven by generative AI, with companies like Mphasis reporting increased competitiveness.

The Economic Times offers in-depth analysis and commentary on the budget’s implications, along with broader market trends. Subscription options are available for full access to their content.

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