Long-term growth or short-term reinforcements? Scripting Budget 2024 won't be an easy task for FM Sitharaman

The government faces a tough task of balancing growth and fiscal prudence in the upcoming Union Budget. Despite strong growth and buoyant tax collections, private consumption remains weak due to sluggish rural demand, high lending rates, and weather-related disruptions. Targeted fiscal support and investment in climate-resilient agriculture are crucial for sustainable growth.