As India eagerly awaits the unveiling of its Interim Budget for 2024, there is a noticeable shift from grand populist gestures to a more focused approach on policy continuity, growth, and sustainability.

The forthcoming budget is expected to centre around crucial elements, including capital expenditure, the 'Make in India' initiative, and a robust push for green energy.

Projecting a commitment to growth, the budget is likely to introduce targeted measures to stimulate demand.

Tax slabs could be a potential area of attention, with the government contemplating incentives to revive economic activity, particularly in the rural economy.

The emphasis on agriculture credit is anticipated to trigger increased demand for cutting-edge farm machinery and crop management solutions, aligning with the rising global demand for Indian grains. With an allocation of Rs 2 trillion to the agriculture ministry, the budget is poised to support government initiatives focused on farmers' income and crop insurance.

While potential moderation in disinvestment targets is expected due to upcoming elections, fiscal discipline is anticipated to remain a priority.

India, despite being a pharmaceutical hub, allocates only 2.1 per cent of its GDP to healthcare, well below the world average of 6 per cent. In light of new or less-discovered diseases, there is a call for increased expenditure on healthcare in Budget 2024-25, along with support for the pharmaceutical and nutraceutical sectors.

The AYUSH system's strengthening and inclusion in school curricula are highlighted, acknowledging traditional forms of medicine, including ayurveda, unani, Tibetan medicine, and others.

Sectors across the spectrum, from agriculture to infrastructure, healthcare, education, and manufacturing, are vocal about their expectations for allocations and reforms fostering growth and societal well-being.

"Fintechs, particularly digital lending platforms, seek changes such as flexible Loan-to-Value ratios and tax breaks for innovation, while the hospitality and tourism sector anticipate policies supporting resilience and infrastructure development.

In summary, the Interim Budget is poised to address diverse sectoral expectations, emphasising growth, innovation, and inclusive development in the Indian economy.