Budget 2024: Top three moves that NDA govt must consider for employment generation
Finance Minister Nirmala Sitharaman is set to present the Union Budget on July 23 in Lok Sabha. The Parliamentary session for the Budget will commence on July 22 and continue till August 22.
The NDA government’s first Budget is expected to focus on sustaining economic growth with impetus to job creation, with an eye on maintaining the fiscal deficit target.
All eyes are now on the Finance Minister as people eagerly await the announcement of policies and initiatives that align with their interests.
Various industry associations have released their Pre-Budget 2024 memorandum to present recommendations and suggestions suited for particular sectors and the Indian economy at large.
As part of its pre-Budget 2024 submission, the Confederation of Indian Industry (CII) has outlined key measures that the Union Budget 2024 should consider to boost employment generation.
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Here are the suggested measures:
- Drawing inspiration from the success of the Production Linked Incentive Scheme (PLI) in the manufacturing sector, implement an Employment Linked Incentive Scheme in the service sector, with special focus on labour-intensive sectors such as tourism,
