The Long-Awaited Interim Union Budget 2024-
25 is Set to Propel India to Become a
Major Tech Power!
Dear Readers,
Greetings from the Mobility Magazine!
Each year, the mobility industry waits for the Union Budget with great curiosity as it
affects the partners in many different ways.
Most players feel the interim Union Budget 2024-25 has been positive though, some
players wanted improvements. The government’s initiative to upskilling youth is set to
create a lot of employment and also aid the growth of industries in the country. A corpus
of 1 lakh crore corpus with 50-year interest free loans is set to enable the generation
of many opportunities for the early stage entrepreneurs and help in scaling the private
sector growth. Anther positive step is the facilitation of Rs. 34-crore loan for women
entrepreneurs along with 43% female enrolment in STEM courses and the allocation of
1/3 seats in government and set to empower women in the country. All these measures
are set to propel India to become a USD 7 trillion economy by 2030 and make India a fast
growing, leading economy in the world map.
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