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Budget 2025: Bold Step to Turn India into Viksit Bharat
Mint Bangalore
|February 03, 2025
MSMEs have the potential to turn India into a manufacturing hub for the world
The Union Budget 2025 has declared that in reaching the destination of Viksit Bharat by 2047, reforms will act as fuel and inclusivity will be the guiding spirit. The reforms have focused on labour-intensive sectors and are towards boosting productivity. This is significant as in its growth journey, India directly moved from agriculture to services given its software boom in the eighties. It had skipped the manufacturing segment. With as many as 7-8 million employable youth entering the job market every year, the government has rightly been focusing on the manufacturing sector for the past couple of years. Through its measures, the budget recognizes that it is the people that make India a country and not just its land.
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