Laudable Aspect Of Budget Is Emphasis On Employment, Skilling, Support For MSMEs

THE Union Budget 2024 aims to strengthen India's economic framework and fostering inclusive growth.

-  C K RANGANATHAN

A central theme and laudable aspect of the budget is the continued emphasis on the development of key demographics such as the poor, women, youth, and farmers. Special focus has been given to employment, skilling, and support for Micro, Small, and Medium Enterprises (MSMEs). By empowering these groups, the budget aims to boost overall economic demand and growth.

The budget's allocation of ₹10 lakh crore for urban development underscores the importance of comprehensive infrastructure development. Allocation of funds for city development in housing, transparent rental housing, water and sanitation, street markets, and interest subsidies are aimed at improving urban living standards and boosting purchasing power. These initiatives are expected to drive higher consumption of goods and services, as improved urban infrastructure and living conditions will lead to greater demand for various products.