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 Brainfeed about their expectations from the Union Budget 2024.
“The FY25 Union Budget marks a pivotal step in addressing the educational, skilling and employment needs of our nation. The significant allocation of ₹1.48 lakh crore for education, employment, and skilling reflects a strategic investment in our country’s future, particularly in equipping our youth with the skills necessary to thrive in an evolving job market. The comprehensive scheme for internships with top companies for the country’s youth is a visionary approach that will provide our youth with invaluable hands-on experience and exposure to real-world challenges. However, while the budget has taken commendable strides in terms of skilling, the absence of specific measures for early childhood education remains a critical gap. We hope that the future budgets will place a stronger emphasis on this foundational phase to ensure holistic development for India’s young generation.
As a franchise-run business with women entrepreneurs, we are encouraged by initiatives increasing women’s workforce participation and fostering an inclusive environment. Supporting women entrepreneurs is both a social and economic imperative, as women-led businesses can significantly contribute to growth. By facilitating market access and skilling opportunities for women, the government nurtures a robust ecosystem where women can thrive and lead with confidence. With effective implementation and collaboration between stakeholders, we are confident that we can create a world-class education system that prepares India’s students for success in the 21st century.”
