Union Budget 2024-25 Focuses on Jobs and Reforms
Union Budget 2024-25 Focuses on Jobs and Reforms
Union Budget 2024-25 Focuses on Jobs and Reforms
News summary

The Indian government’s Budget for 2024-25, led by the BJP, focuses on job creation through multiple schemes with a total outlay of ₹2 lakh crore. Key initiatives include incentives for manufacturing firms, cheaper loans for higher education, and internship programs for 1 crore youth. Additionally, three employment-linked schemes under the EPFO will support first-time employees and their employers. The budget also allocates ₹3 trillion towards increasing women's workforce participation and sets up industrial parks in 100 cities to boost economic development. Despite these measures, opposition leaders criticize the budget as insufficient to address unemployment and rural distress.

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