Post-Budget Reactions – 2024-2025

July 23, 2024
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2 min read

Srinivasa Bharathy, CEO & MD, Adrenalin eSystems-HR Tech Solution Provider

“In today’s Union Budget, the Finance Minister has set forth a forward-looking agenda with the VIKSIT BHARAT framework, emphasizing job creation and inclusive human resource development. With a central outlay of ₹2 lakh crore dedicated to empowering 4.1 crore youth over the next five years, it addresses a crucial need in India’s evolving job market. As new sectors such as AI, advanced manufacturing, and green technologies rapidly expand, the demand for a skilled workforce has never been greater.

Investing in skilling is essential to equipping our workforce with the competencies required to thrive in these dynamic industries. The government’s focus on inclusive HR development and job creation will not only address current employment gaps but also prepare the next generation for future opportunities. This strategic approach aligns with the broader VIKSIT BHARAT vision, ensuring that as India progresses, our human capital remains agile and adept in the face of technological advancements. The Finance Minister also announced increasing the participation of women in the workforce as a priority, achieved through partnerships to organize women-specific skilling programs.

By prioritizing skill development and inclusive HR initiatives, the budget paves the way for sustained economic growth and innovation, reinforcing India’s position as a global leader in emerging technologies.”

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Srinivasa Bharathy, CEO & MD, Adrenalin eSystems-HR Tech Solution Provider

“In today’s Union Budget, the Finance Minister has set forth a forward-looking agenda with the VIKSIT BHARAT framework, emphasizing job creation and inclusive human resource development. With a central outlay of ₹2 lakh crore dedicated to empowering 4.1 crore youth over the next five years, it addresses a crucial need in India’s evolving job market. As new sectors such as AI, advanced manufacturing, and green technologies rapidly expand, the demand for a skilled workforce has never been greater.

Investing in skilling is essential to equipping our workforce with the competencies required to thrive in these dynamic industries. The government’s focus on inclusive HR development and job creation will not only address current employment gaps but also prepare the next generation for future opportunities. This strategic approach aligns with the broader VIKSIT BHARAT vision, ensuring that as India progresses, our human capital remains agile and adept in the face of technological advancements. The Finance Minister also announced increasing the participation of women in the workforce as a priority, achieved through partnerships to organize women-specific skilling programs.

By prioritizing skill development and inclusive HR initiatives, the budget paves the way for sustained economic growth and innovation, reinforcing India’s position as a global leader in emerging technologies.”

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