Budget 2024 Expectations of Middle Class: Middle class has these 4 expectations from the budget, will Nirmala Sitharaman fulfill them? - Newztezz Online

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Friday, January 26, 2024

Budget 2024 Expectations of Middle Class: Middle class has these 4 expectations from the budget, will Nirmala Sitharaman fulfill them?

Now only a few days are left for the presentation of the country's budget. This time Finance Minister Nirmala Sitharaman is going to present the interim budget, but the middle class of the country has these 4 expectations from this budget.

The country is celebrating its 75th Republic Day today. A few days from now, Finance Minister Nirmala Sitharaman will present the interim budget. Although there is no tradition of making major changes in the interim budget, despite this the middle class of the country has these 4 expectations from this budget.

India's middle class is continuously growing. This is also very important for the economic growth of the country, because the middle class plays an important role in taking every type of market forward. In such a situation, it remains to be seen whether Finance Minister Nirmala Sitharaman fulfills their expectations…

4 expectations of the middle class from the budget

The middle class of the country wants everything from the budget, from tax cuts to relief from inflation. Take a look…

Relief in Income Tax: In the last budget, Finance Minister Nirmala Sitharaman had increased the limit of tax free income to Rs 7.5 lakh under the 'New Tax Regime'. But no changes were made in the old tax system. In the old tax system, people availed tax exemption on various types of savings and home loans etc. Tax exemption is also an excuse for saving among the middle class. In such a situation, he hopes that this time the government will increase the limit of exemption regarding tax, home loan etc.

The budget should provide jobs: The middle class has one more expectation from the budget. That is, the budget should focus on maximum jobs creation. Such policies should come in the budget which will be beneficial for the people falling in the 'middle income group' range. In the coming time, the country will participate in the new Lok Sabha elections. In such a situation, the government can be expected to work in this area.

Provide relief from inflation: The middle class also expects relief from inflation in the budget. Despite the tireless efforts of the Reserve Bank of India (RBI), inflation still remains in the range of 5 to 6 percent. Food inflation also remains between 7 to 9 percent. In December, inflation touched the high of last 4 months. In such a situation, the middle class hopes for relief from inflation.

Education, health and housing: The middle class is also called the 'common man' of the country. In such a situation, his basic needs have now become 'education, health and house'. The middle class expects to get affordable housing schemes, good policies for education and better health coverage in the budget. Currently, there is a shortage of affordable housing in the available housing inventory in the country, while the luxury home segment is going out of its range.

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