As the Modi government prepares for the 2024 Budget, there is growing speculation about potential tax cuts aimed at alleviating financial pressures on the middle class. With the cost of living rising in Indian cities, many taxpayers are hopeful that Finance Minister Nirmala Sitharaman might introduce measures to ease their burden. The upcoming budget will be the first for the “Modi 3.0” administration, and it is expected to balance populist measures with fiscal responsibility. Article 112 of the Constitution requires the Union Government to present the Annual Financial Statement (budget) to Parliament each year
