The Union Budget 2024-25 is more than just a fiscal document; it is a bold statement of intent and vision for India's future. It encapsulates our collective aspiration to enhance the standard of living, foster business growth, create livelihood opportunities, and steer India towards a 'Green' future. At a juncture where India stands poised to assert its global influence, this budget is critical in balancing international ambitions with national priorities.
One of the budget's standout features is its focus on agriculture. With a 22 per cent increase in allocation over the previous year, totaling INR 1.52 lakh crore, the government is signalling its commitment to making agriculture more climate resilient. This investment is not merely about supporting farmers; it is about ensuring food security for the nation and making agriculture a viable and sustainable livelihood. By promoting sustainable farming practices and climate-resilient crops, the budget aims to shield our agricultural sector from the growing threat of climate change.
The post-pandemic economic recovery has been a testament to India's resilience and dynamism. To maintain this momentum, the government has unveiled five new schemes with a combined allocation of INR 2 lakh crores. These initiatives are expected to provide upskilling opportunities for 41 million youth, opening new employment avenues and helping them achieve their aspirations. This move is particularly significant for the MSME sector, which is often described as the backbone of the Indian economy. By enhancing the quality of our workforce, we can ensure sustained economic growth and strengthen our position in the global market.
Infrastructure development is another cornerstone of the budget; while the overall infrastructure allocation of INR 11.11 lakh crore remains consistent with the interim budget, the plan to construct 10 million houses for the urban poor is a commendable step towards improving urban living conditions. This initiative is not just about building houses; it is about creating sustainable and liveable urban environments that can support the rapid urbanization and industrialization trends we are witnessing.
