The schemes to incentivize job creation, five million new job opportunities for adults and three million for young people, along with additional effort on education, skilling and employability should, if well implemented, kill two birds with one stone.
And the ₹35,000 crore (about US$ 4.3 billion) financing for the Production Linked Incentive (PLI) scheme is an additional contribution to the government policy to boost domestic innovation and manufacturing.
The focus on attracting more foreign investment and incentivizing more foreign companies to set operations in the country remains the same as illustrated by the reduction from 40 per cent to 35 per cent in the corporate tax rate for foreign companies.
The story "FM Nirmala Sitharaman's Budget 2024 for growth, continuity, and steadiness" has 697 words across 22 sentences, which will take approximately 3 - 6 minutes for the average person to read.
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