In a sweeping address following the Union Budget 2024, Prime Minister Narendra Modi praised the new fiscal measures as a game-changer for India's economy. Modi emphasised that the budget’s focus on empowering Micro, Small, and Medium Enterprises (MSMEs) and the middle class aligns with his vision of making India a global manufacturing hub. He highlighted how the MSME sector, predominantly owned by the middle class, is crucial for job creation and economic growth. Modi’s statement reflects a commitment to bolstering this sector, which he sees as pivotal in driving the nation's economic advancement and addressing poverty.
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00:00Manufacturing and export ecosystems have been announced in the budget to be taken to every
00:08district.
00:09100 units have been set up for e-commerce, export hubs and food quality testing at one
01:27district, one product department will get the speed of 100 units at one district, one
01:52product department will get the speed of 100 units at one district, one product department
01:57will get the speed as a result.
02:03This budget has brought in major opportunities for the startups and the innovation ecosystem.
02:4112 new industrial nodes, the development of new satellite towns in the country, and transist
02:54plants for 14 major cities.
02:57This will develop new economic hubs in the country and create new jobs in a large number.