AMCHAM’s Western Region organized a session ‘Decoding the Union Budget 2024,’ on July 24^th at the St. Regis Mumbai with knowledge partner Nexdigm Inc. The session provided insightful analysis on the Union Budget 2024, focusing on direct and indirect tax proposals and their implications for businesses. The event began with a networking breakfast, followed by introductory remarks from Ms. Rakhi Sikka, Regional Director – Western Region, AMCHAM and opening remarks from Mr. Chandrakant Nayak, Chairman – Western Region, AMCHAM and Country President & CEO, Dow Chemical International. Mr. Andrew Caruso, Economic Officer, U.S. Consulate General Mumbai, delivered a welcome address, emphasizing the budget’s significance in the U.S.-India economic relationship. Mr. David Sinate, Chief Economist and Chief General Manager, Exim Bank India, provided the keynote address highlighting the budget’s strategic and economic implications. Detailed presentations on tax proposals were given by Mr. Maulik Doshi, Dy. Managing Director Tax, Nexdigm Inc. and Mr. Sanjay A. Chhabria, Senior Director Indirect Tax, Nexdigm Inc. A panel discussion followed featuring industry leaders Mr. Chandrakant Nayak, Mr. Dhaval Desai, Head of Tax, UPS Group and Mr. Maulik Doshi moderated by Mr. Sanjay Chhabria, offering a deeper analysis of the budget. The session concluded with an interactive discussion and Q&A, allowing attendees to engage directly with experts. The event provided participants with a comprehensive understanding of the budget, aiding strategic planning and decision-making.