The governments emphasis on employment opportunities, skill development, MSMEs, and the middle class is the most significant advantage of Budget 2024. MSMEs and manufacturing, especially labour-intensive manufacturing, are given special consideration in this budget. Raghunandan Saraf, Founder CEO of Saraf FurnitureThis can therefore be considered as a game-changing initiative for workforce development in India: the announcement of a pan-India internship scheme for 1 crore youth in the top 500 companies. Nearly 12 million people enter into the job market every year, so this scheme may claim a fair share of new job seekers. The span of 12 months gives ample exposure and makes up for the gap between education and what actually is expected by industry standards.
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