Budget 2024: Key Highlights for Relocating Supply Chains to India

India's interim Union Budget for the fiscal year 2024-25 tabled on February 01, 2024, has charted a course that resonates with the nation’s commitment of strengthening supply chains and promoting economic growth. As the nation positions itself for growth, the budget strategically prioritizes infrastructural development which helps to position India as a lucrative destination for relocating global supply chains. This is demonstrated by the targeted allocations bolstering the manufacturing sector. This Infoalert, which is a part of the series titled 'Relocating Supply Chains to India: Navigating the Indian Landscape' delves into the key elements of the interim budget, providing valuable insights for the global investors contemplating the relocation of their supply chains to India.