'It's a balanced budget, focused on job creation': USISPF
Union Budget 2024, Mukesh Aghi, President and CEO of the US-India Strategic Partnership Forum, said that it is a pretty balanced budget focused on job creation.
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Aghi said that the focus of the budget is to bring the deficit from 5.3 per cent to 4.9 per cent.
«It's a pretty balanced budget. From a macro perspective, the focus is to bring the deficit from 5.3 per cent to 4.9 per cent. So that's a very responsible budget. The budget focuses on job creation, skills in attracting FDI to create more jobs...,» he told ANI.
He emphasised that it is important to understand that a big chunk of the money is allocated to first-time wage earners on a monthly salary basis.
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«A substantial amount has been put into skilling a lot of people that's going to help, because you have to understand that only 51 per cent of the graduates today are skilled enough to be in the workforce, and this was almost 34 per cent ten years ago,» he told ANI.
«So the government has
