The Government of India’s Budget 2023-24 presents several salient features aimed at promoting growth and enhancing welfare.

1. Infrastructure Investment: The budget allocates over ₹10 lakh crore for infrastructure development, focusing on roads, railways, and urban development, which is expected to stimulate economic activity and job creation.

2. Support for Agriculture: There are increased allocations for agricultural loans and schemes to enhance irrigation facilities, ensuring better support for farmers and rural development.

3. Healthcare and Education: Significant funding is directed towards health infrastructure, with a focus on expanding the Ayushman Bharat scheme and improving medical facilities. Education is prioritized through initiatives aimed at enhancing skill development and vocational training.

4. Green Initiatives: The budget emphasizes sustainable development by promoting renewable energy projects and eco-friendly practices, aligning with global climate goals.

5. Social Welfare Programs: Enhanced allocations for schemes like the PM Awas Yojana aim to provide housing for the economically weaker sections, thereby improving living standards.

To improve India’s trade, several strategies can be implemented:

Strengthening Trade Agreements: Expanding Free Trade Agreements (FTAs) with key markets can enhance access and reduce tariffs.

Boosting Domestic Manufacturing: Promoting the “Make in India” initiative can reduce import dependency and increase exports.

Investing in Logistics and Infrastructure: Improving transportation and logistics systems will enhance efficiency in supply chains, reducing costs for exporters.

Enhancing Export Promotion Schemes: Increasing financial support and incentives for exporters can boost international competitiveness.

By implementing these measures, India can strengthen its trade position in the global market.