The effects of the Union Budget 2023 on common people in India depend on various factors such as government spending, tax policies, subsidies, and other financial measures. Here are a few possible effects:

1. Tax policies: Changes in tax policies, such as changes in income tax slabs, can directly impact the take-home pay of individuals, leading to higher or lower disposable income.

2. Government spending: Increased government spending in areas such as healthcare, education, and infrastructure can lead to improved public services, which can benefit the common people.

3. Subsidies: Changes in subsidies, such as changes in fuel prices, can impact the cost of living for common people.

4. Agricultural sector: Increased allocation to the agricultural sector can benefit farmers and lead to better prices for agricultural produce, benefiting consumers.

It is important to note that the actual effects of the budget will depend on its implementation and the state of the econo

Here are some precautions people can take to avoid economic crisis:

1. Emergency fund: It is important to have a sufficient emergency fund to cover unexpected expenses and job loss.

2. Diversify investments: Diversifying investments can help spread risk and reduce the impact of a potential economic crisis.

3. Reduce debt: Paying off debt and avoiding taking on new debt can help reduce financial stress in the event of an economic crisis.

4. Build savings: Building up savings can provide a cushion during an economic downturn.

5. Avoid impulsive purchases: Impulsive purchases, such as buying a new car or taking a expensive vacation, can put strain on finances and make it harder to weather a crisis.

6. Stay informed: Keeping informed about economic trends and the state of the economy can help individuals make informed financial decisions.

• It is important to remember that there is no guarantee of avoiding an economic crisis, but taking these precautions can help prepare individuals for financial challenges and reduce theirAdditionally   , predicting performance is a complex task and can be influenced by various factors such as economic conditions, government policies, and global events. It is important to thoroughly research and consult a advisor as human