Union Budget 2024: India is set to maintain its fiscal discipline despite pressures faced by other emerging markets, with Prime Minister Modi's government expected to stick to its debt sales target. The budget deficit is projected to remain stable, with a focus on credibility and investor confidence. The bond market is poised for a boost, with potential for further rally based on deficit reduction measures. The government's revenue windfall and conservative fiscal stance are key factors in maintaining stability and investor trust. The upcoming budget announcement on July 23 will offer further insights into India's economic path.
