Budget 2024: A progressive approach to growth and welfare
8 months ago

Budget 2024: A progressive approach to growth and welfare

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The Budget’s focus on employment, skilling, MSMEs, and the middle class, combined with initiatives for rural development and support for start-ups, positions India for continued economic growth and development When Finance Minister Nirmala Sitharaman presented the Union Budget for FY 2024–25, it showcased the Modi government’s commitment to balancing high capital expenditure with robust welfare spending. A significant highlight of the budget is the Prime Minister’s package of five schemes aimed at employment, skilling, and other opportunities for 4.1 crore youth over a five-year period, with a central outlay of Rs 2 lakh crore. This package includes: Skill Development and Internship Opportunities: One crore youth will be provided with internship opportunities in India’s top companies, fostering practical experience and industry readiness. The Modi government’s emphasis on education, employment, and skilling underscores a forward-looking approach that aligns with the goals of a Viksit Bharat.

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