Union Budget 2024 | Empowering small and medium businesses is a step forward, says Moin Ladha of Khaitan & Co

'With India being the hub of global trade, empowering small and medium businesses will be a step towards our mission of continued growth,' says Moin Ladha.

Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2024, highlighting the Modi govt 3.0’s priorities across multiple sectors.

The Budget identified the following areas as priorities: productivity and resilience in agriculture, employment & skilling, inclusive human resource development and social justice, manufacturing & services, urban development, energy security, and infrastructure.

Here’s how industry stakeholders reacted:

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Moin Ladha, Partner at Khaitan & Co, Mumbai said, "The budget promises to prioritise strengthening and aiding the MSME sector by introducing credit guarantee schemes, continuing guarantee covers during stress period and developing e-commerce hubs for MSMEs to compete in the global market."

"With India being the hub of global trade, empowering small and medium businesses will be a step towards our mission of continued growth," he said.

(With Reuters inputs)

Union Budget 2024 LIVE | Making a record for any Finance Minister, Nirmala Sitharaman presented her 7th consecutive Union Budget on July 23, 2024 under the Modi 3.0 government. This Budget brought tax relief for the middle class, while focusing on jobs through skilling, incentivising employers. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.