Economic Indicators

India unveils incentives to create jobs in first budget after election

2024.07.23 03:04

(Reuters) – The first budget of Indian Prime Minister Narendra Modi after this year’s general elections will focus on employment and the middle class, Finance Minister Nirmala Sitharaman said on Tuesday.

The government will allocate 2 trillion rupees ($24 billion) to create jobs over the next five years, Sitharaman said, in a plan that provides employment-linked incentives to companies, including those in manufacturing.

COMMENTARY

ARPIT MEHROTRA, MANAGING DIRECTOR, OFFICE SERVICES, COLLIERS INDIA, BENGALURU

“Lower stamp duties make purchasing property more affordable for women, potentially leading to a rise in the number of female homeowners.”

“The reduction in costs associated with buying property can stimulate more real estate transactions, as women and families take advantage of the savings.”

VIMAL NADAR, HEAD OF RESEARCH AT COLLIERS INDIA, MUMBAI

© Reuters. India's Finance Minister Nirmala Sitharaman holds a folder with the Government of India's logo while leaving her office to present the union budget in the parliament in New Delhi, India, July 23, 2024. REUTERS/Altaf Hussain

“Provision for multilateral financial aid to develop the new capital city (of Andhra Pradesh) will drive significant momentum in construction and real estate over the next few years across asset classes mainly commercial and residential.”

“The announcement of 12 industrial parks under the National Industrial Corridor with a focus on creating integrated zones will propel supply of Grade A industrial spaces. This will also aid in increasing the proportion of organized superior quality stock within the industrial segment.”



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 94,157.23 1.97%
ethereum
Ethereum (ETH) $ 3,401.85 1.73%
tether
Tether (USDT) $ 0.998658 0.04%
xrp
XRP (XRP) $ 2.23 1.27%
bnb
BNB (BNB) $ 683.15 0.98%
solana
Solana (SOL) $ 192.06 4.43%
dogecoin
Dogecoin (DOGE) $ 0.320586 1.61%
usd-coin
USDC (USDC) $ 1.00 0.01%
staked-ether
Lido Staked Ether (STETH) $ 3,396.76 1.76%
cardano
Cardano (ADA) $ 0.898159 0.10%
tron
TRON (TRX) $ 0.252074 0.70%
avalanche-2
Avalanche (AVAX) $ 39.29 6.16%
chainlink
Chainlink (LINK) $ 23.99 3.58%
the-open-network
Toncoin (TON) $ 5.64 3.67%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,042.19 2.00%
sui
Sui (SUI) $ 4.52 4.48%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 2.17%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 93,890.16 1.79%
hedera-hashgraph
Hedera (HBAR) $ 0.310506 12.25%
stellar
Stellar (XLM) $ 0.373244 4.07%
polkadot
Polkadot (DOT) $ 7.27 3.64%
hyperliquid
Hyperliquid (HYPE) $ 28.22 2.76%
weth
WETH (WETH) $ 3,402.19 1.78%
bitcoin-cash
Bitcoin Cash (BCH) $ 462.81 4.13%
leo-token
LEO Token (LEO) $ 9.43 0.01%
uniswap
Uniswap (UNI) $ 13.90 0.51%
litecoin
Litecoin (LTC) $ 106.91 3.97%
pepe
Pepe (PEPE) $ 0.000018 1.46%
bitget-token
Bitget Token (BGB) $ 4.89 20.29%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,591.44 1.82%
near
NEAR Protocol (NEAR) $ 5.45 6.12%
ethena-usde
Ethena USDe (USDE) $ 0.999198 0.06%
aave
Aave (AAVE) $ 376.45 10.86%
usds
USDS (USDS) $ 0.999689 0.02%
aptos
Aptos (APT) $ 9.40 2.00%
internet-computer
Internet Computer (ICP) $ 10.78 6.21%
crypto-com-chain
Cronos (CRO) $ 0.161061 3.60%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.503756 4.65%
ethereum-classic
Ethereum Classic (ETC) $ 27.19 2.64%
mantle
Mantle (MNT) $ 1.19 0.06%
render-token
Render (RENDER) $ 7.70 7.71%
vechain
VeChain (VET) $ 0.049214 5.69%
bittensor
Bittensor (TAO) $ 491.37 7.57%
mantra-dao
MANTRA (OM) $ 3.76 5.51%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.35 4.56%
whitebit
WhiteBIT Coin (WBT) $ 24.37 0.44%
monero
Monero (XMR) $ 186.35 2.85%
dai
Dai (DAI) $ 1.00 0.05%
arbitrum
Arbitrum (ARB) $ 0.800652 4.82%
algorand
Algorand (ALGO) $ 0.382141 5.57%