Tag: Budget 2024

Budget 2024: Funding the Future through Infrastructure Development

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By Subhash Sethi, Chairman, SPML Infra Limited Infrastructure development is a fundamental driver of economic progress, forming the backbone of a nation’s growth. Robust infrastructure facilitates increased productivity, efficiency, and connectivity, thereby fostering favourable environment for economy to thrive. By investing in and enhancing essential physical structures, such as road, rail, air and water transportation, energy, communication, sanitation, water facilities etc. can create an environment conducive to economic advancement. Improved infrastructure not only facilitates smoother business operations but also attracts investments, fosters innovation, and boosts overall GDP. The Interim Budget…

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Budget 2024: Prudent & Forward-Thinking

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By Naser Azeez Mohammed, Managing Director, Aquality Water Solutions Pvt. Ltd. The World Economic Outlook report from the International Monetary Fund (IMF) anticipates an improvement in global economic growth in 2024, reaching 3.1%. The IMF also projected that India will attain the position of the third-largest economy by 2027. India has showcased resilience throughout 2023, overcoming challenging global economic conditions. The initial advance estimate indicates a projected gross domestic product (GDP) growth of 7.3% for the financial year FY24. In FY25, India’s economic growth will consistently be driven by government…

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Budget 2024: Vision and Development Perspective

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By Abdul Rahman Mohammed, CEO, Sahara Industry Adequate quantity of safe quality water is a fundamental human right, yet it is not assured; it requires active efforts to procure, store, use and manage. Access to clean water is essential for sustaining life, promoting health, and ensuring well-being of nations. Therefore, it is our collective responsibility to work towards guaranteeing this basic human need, implementing sustainable water management practices, optimizing resources and fostering equitable access to this vital resource. As water is vital for human survival, similarly, it is essential for…

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Budget 2024 Quote on behalf of Suraksha Group

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Jash Panchamia Budget 2024

By Jash Panchamia, Partner, Suraksha Group We applaud the Government’s focus on the development of affordable housing in the interim Union Budget 2024. As families grow, we anticipate an increase in the demand for housing by building two crore new houses in the next five years. The revolutionary scheme empowers the middle class, which resides in rented houses, slums, and unauthorized colonies, to buy or build their own homes. This also emphasises on the fact that the Government’s focus has been in providing a respectable lifestyle to the economically weaker…

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Budget 2024: Outlook for Water Sector

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Subhash Sethi, Chairman, SPML Infra Limited India was the 10th largest economy in the world with a GDP of $1.9 trillion about ten years ago. Today, it is the fifth largest with a GDP of $3.7 trillion (est. FY24) and in the next three years, it is expected to become the third-largest economy in the world, with a GDP of $5 trillion.  Policy reforms with ease of doing business have played a pivotal role in propelling India’s economic growth. These measures have significantly contributed to the country’s economic progress and…

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Budget 2024: Emphasis should be on Enhancing Energy Efficiency and Reducing Carbon Emissions

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Anil Sethi, Chairman, Pump Academy Private Limited As we approach the Union Budget 2024, there is a pressing need to prioritize the integration of advance technology for improved energy efficiency and the reduction of carbon emissions across all machinery and infrastructure. The Hon’ble Finance Minister should take cognizance of our Hon’ble Prime Minister’s commitment to achieve net-zero emissions for India by 2070, declared at The UN Climate Change Conference in Glasgow (COP26) that brought together 120 world leaders and over 40,000 participants in 2021. This commitment includes obtaining 50% of…

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