Explanation and Commentary on Budget 2023-2024

This edition of Explanation and Commentary on Budget 2023–2024 by Subhash Chandra Garg offers an authoritative, analytical, and in-depth examination of India’s Union Budget for the year 2023–24. It presents not only the provisions and proposals of the latest budget but also evaluates the outcomes of Budget 2021–22 and reviews the implementation of Budget 2022–23, making it a complete fiscal reference for policymakers, professionals, and researchers.

Drawing upon the author’s expertise and experience, the book explains the macroeconomic context, revenue and expenditure measures, sectoral allocations, and policy priorities outlined in the budget. The commentary is enriched with critical insights, comparative data, and an assessment of the potential impact on the economy, businesses, and taxpayers.

The content spans the full scope of the Union Budget 2023–24, including:

• Overview of fiscal strategy and macroeconomic assumptions

• Revenue proposals – direct tax, indirect tax, and customs changes

• Expenditure priorities – sectoral allocations and flagship schemes

• Infrastructure investment plans and financing mechanisms

• Social sector spending – health, education, and welfare initiatives

• Agricultural and rural economy measures

• Industry and trade policy initiatives

• Green growth, sustainability, and renewable energy incentives

• Analysis of fiscal deficit targets and debt management strategy

• Review of Budget 2021–22 outcomes and Budget 2022–23 implementation status

This edition is particularly suitable for:

• Economists, policy analysts, and researchers studying India’s fiscal policy

• Chartered accountants, tax consultants, and corporate finance professionals

• Business leaders and industry associations assessing budgetary impact

• Law and commerce students seeking a detailed understanding of the Union Budget process and provisions

Whether for academic study, policy analysis, or business planning, this book provides an expert, well-structured, and comprehensive commentary on the Union Budget 2023–2024 and its implications for India’s economy and governance.