While presenting the interim budget on February 1, 2024, Finance Minister Nirmala Sitharaman had stated that, “In the full budget in July, our Government will present a detailed roadmap for our pursuit of ‘Viksit Bharat’.” If India does aim to become a developed country by 2047 as per Prime Minister Narendra Modi’s vision of Viksit Bharat, the Union Budget 2024 which will be presented on July 23 must prioritise the education of children, who are the future of the country. Read on to find out what experts from the education sector shared with us at NavyaMedia about their expectations from the Union Budget 2024.
“The introduction of financial support for education loans up to ₹10 lakhs, paired with a new skilling program aimed at training 20 lakh youth over the next five years, is a strategic move that meets today’s pressing needs. As we face a job market where nearly 50% of employers report significant skills gaps, this initiative comes as a timely remedy. By enabling students to pursue higher education and simultaneously focusing on practical skill development, we’re addressing both the academic and professional demands of the current and future job landscape. This comprehensive approach ensures that young people not only gain theoretical knowledge but also acquire the hands-on skills that are increasingly critical in the modern workforce.”