
Unpacking the Union Budget 2024
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Addressing Economic Distress: Unemployment, Agriculture, and MSME Sector
The chapter focuses on the government's acknowledgement of economic distress, particularly in unemployment, rural and agrarian sectors, leading to the announcement of employment-linked incentive schemes in the Union Budget. It discusses the challenges of high unemployment rates, the proposals to boost job creation and productivity in agriculture, and measures to support the MSME sector post-demonetization and during the pandemic. The chapter also explores the political implications of coalition governments and the potential impact of the Union Budget 2024 on states through tax cuts aimed at increasing consumption levels.
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