The budget’s push for job creation is crucial to our development dreams

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₹15,000) on a recruit’s first salary, internships offered at India’s top 500 companies, reimbursements of provident fund contributions and other measures aimed at higher participation of women in the workforce are expected to drive job creation substantially. The budget also aims to establish India as a leading startup nation. Key provisions include relief on the ‘angel tax’ and increasing the Mudra loan scheme’s limit from ₹10 lakh to ₹20 lakh per borrower.

These initiatives are designed to spur entrepreneurship and support startups, fostering an environment conducive to innovation and economic growth. Skill development emerges as a cornerstone of the budget, viewed as essential for job creation. Innovative approaches are employed to ensure skill enhancement at all levels, including the entry-level, of the workforce and for special groups.

This focus on skill development is complemented by sustained infrastructure investment. In order to leverage India’s demographic dividend, the budget places a strong emphasis on increasing female participation in the labour force. The measures outlined include establishing working women’s hostels, creches, etc.

These initiatives are expected to further enhance the economic contribution of young women, aiding in the overall development of the country. The budget prioritizes infrastructure development, which has been a core aim of the Narendra Modi government over the past 10 years and is crucial for sustained economic growth. It includes a comprehensive plan for urban and rural development, aiming to turn cities into growth hubs and ensure the all-round development of rural areas.