Fillip To Rural Economy

Despite rapid industrialisation, agriculture remains one of the key areas of employment generation in rural india. In view of this fact, budget 2023 has tried to revolutionise this sector by encouraging agri startups and organic farming

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Within the scope of five-year governance, the Budget 2023 should be seen as a precursor to the times ahead, in view of the political thinking of current leaders.

Furthermore, the new initiatives in this Budget need to be judged in the context of the "Impact of COVID-19-driven trauma that the whole country went through, and key lessons derived from it".

No one can forget the sight of millions of villagers (with small children on their shoulders), who were working in large cities, walking 1000s kilometres on foot to their own villages, seeking safety for life.

Everyone, world-over, has realised that the most precious aspects of human life are access to food, closeness to family and a healthy environment. All other things can wait. This profound learning inspires the central theme of this Budget by Nirmala Sitharaman.

Although one needs to wait and see whether adequate resources would definitely get deployed in right way, the spirit of realisation that "The Rural-economy" has to be the real pivot of India's future strategies is very much visible in Seetharaman's current Budget.

We in India have been making one constant error for the past 75 years through the concentration of opportunities, capital, and knowledge in a few large cities, making village folks migrate and live in cities in unhygienic conditions. This Budget seems to be the right step to bring about a course- corrective directional-shift through the “Onset of Reverse Migration.”

Let us see some of the encouraging propositions of this budget.