{"id":9774,"date":"2024-07-24T11:43:10","date_gmt":"2024-07-24T11:43:10","guid":{"rendered":"https:\/\/www.salesforce.com\/?p=9774"},"modified":"2024-07-24T11:43:11","modified_gmt":"2024-07-24T11:43:11","slug":"india-government-budget","status":"publish","type":"post","link":"https:\/\/www.salesforce.com\/in\/news\/stories\/india-government-budget\/","title":{"rendered":"CEO of Salesforce India Responds to Government of India\u2019s Budget"},"content":{"rendered":"\n

Arundhati Bhattacharya, Chairperson & CEO of Salesforce India, responds to the Government of India\u2019s 2024-25 Budget, published on July 23.<\/em><\/p>\n\n\n\n

The Budget 2024-25<\/a> presented was a balanced one, with a distinct focus on women, youth and job creation, emphasising the sustained efforts to generate ample opportunities for all. As the honourable Finance Minister mentioned, India’s economic growth continues to be the shining exception despite global uncertainties and will remain so in years ahead. Initiatives towards skilling, boosting the participation of women in the workforce, driving the use of technology in agriculture, and supporting SMEs that are the greatest employment generators, are particularly notable. These measures provide the much-needed fuel to drive India\u2019s economic growth.<\/p>\n\n\n\n

Education, training, and workforce participation<\/strong><\/h2>\n\n\n\n

The provision of Rs 1.48 lakh crore this year made for education, employment, and skilling is commendable. In addition, employment-linked skilling is expected to benefit the youth, particularly first-time job seekers. The proposed revision of the Model Skill Loan Scheme is also expected to help 25,000 students every year. Enhancing the Mudra loan amount to Rs 20 lakh is a step in the right direction.<\/p>\n\n\n\n

Developing a new credit assessment model, based on the scoring of digital footprints of MSMEs in the economy is expected to be a significant improvement over the traditional assessment of credit eligibility based only on asset or turnover criteria and will help cover MSMEs without a formal accounting system to access the same and drive true financial inclusion. <\/p>\n\n\n\n

It is also encouraging to note the intent to drive participation of women in the workforce. This has been backed up by provisions to set up hostels, establishing creches creating partnerships to organize women-specific skilling programs. A focus on geriatric care would have helped create more well-rounded benefits as women often need to drop out of the workforce in the absence of any infrastructural support for the same.<\/p>\n\n\n\n