Budget 2024-25: Roadmap for New India, Ensuring Economic Growth and Job Creation

Union Minister Piyush Goyal hails Budget 2024-25 as a blueprint for making India the third-largest economy. Emphasizing innovation and inclusivity, the budget focuses on skill development, infrastructure, and employment, aimed at transforming industries and enhancing competitiveness under Prime Minister Modi's leadership.

Union Minister of Commerce and Industry Piyush Goyal on Tuesday praised the Budget 2024-25, describing it as a blueprint for sculpting a New India. He noted that the nine priorities outlined by the Finance Minister would ensure India's rise to the world's third-largest economy. The innovative and inclusive budget, Goyal added, will expedite the nation's path to becoming a developed country by 2047.

'This budget lays a clear roadmap with the nine priorities focused on fast-tracking development, aiding youth through skill development and employment initiatives. It aims to enhance our global competitiveness, thereby boosting manufacturing, services, and tourism,' Goyal told ANI.

Goyal emphasized that the budget's thrust on infrastructure will create significant job and business opportunities. The balanced budget, he noted, sets the stage for Modi 3.0, emphasizing its transformational impact on industries and trade.

Praising Prime Minister Narendra Modi's leadership and fiscal prudence, Goyal remarked, 'Modi Hai To Mumkin Hai,' highlighting fiscal management's role in past decade successes. Earlier, Finance Minister Nirmala Sitharaman presented her seventh consecutive budget, setting a new record. Her budget outlines key priorities, including agriculture productivity, employment, skilling, urban development, and next-generation reforms aimed at fostering economic growth.

Sitharaman's budget speech introduced significant tax reforms, proposed 4.1 crore youth employment in the next five years, and allocated Rs 2 lakh crore towards job creation. Additionally, Rs 1.48 crore was earmarked for skill development, aiming to skill 20 lakh youth over five years and upgrade 1,000 industrial training institutes.

(With inputs from agencies.)