Union Budget 2024 India: Finance Minister Nirmala Sitharaman in her announcement during the Budget speech revealed that the Modi 3.0 government will launch five major schemes focusing on 4.1 crore youth over the next five years, with a substantial central outlay of Rs 2 lakh crore. This initiative aims to bolster employment, enhance skilling, support MSMEs, and uplift the middle class.
The Finance Minister emphasized that 20 lakh youth will receive training and skill development over this five-year period, positioning them for better employment opportunities and contributing to India's growing economy.
"India’s economic growth continues to be a shining exception," stated Sitharaman, highlighting the country's robust economic performance. She also noted that inflation is on track to reach the targeted 4 per cent.
Presenting the Budget in the Lok Sabha, Finance Minister Nirmala Sitharaman said it will focus on employment, skilling, MSMEs and the middle class.
She added that the government has extended the PM Garib Kalyan Anna Yojana for five years which is benefiting 80 crore people of the country. As mentioned in interim budget, there is a need to focus on poor, women, youth and farmers, the minister said.
She added that people have given unique opportunity to the Modi government to take India on the path of strong development, and all-round prosperity.
This is the first Budget during Prime Minister Narendra Modi-led government's third term in office.
People have reinforced their faith in the government led by Modi and re-elected it for the third term, she said, while presenting the Budget in Lok Sabha.
India's economic growth continues to shine while the global economy is still in the grip of policy uncertainty, Sitharaman added. The country's inflation continues to be stable and is moving towards 4 per cent, and core inflation stands at 3.1 per cent