The sentiment of inclusive growth and equitable development is echoed by the noticeable resonance of change following the release of the Union Budget 2024. Mr Darshan Hiranandani, the founder of a real estate group, praises the budget for playing a crucial role in equally and inclusively growing the Indian economy while creating a favourable business environment.
The core of this transformative agenda lies in a comprehensive approach towards economic development, where every segment of society is a stakeholder in the nation's progress. The budget's commitment to "Sab ka Saath, Sab ka Vikaas" is a slogan and a guiding principle permeating every policy and allocation.
Offering free solar power becomes a symbol of inclusiveness that reaches across all socioeconomic classes to meet energy demands. Through the democratization of access to clean energy, the budget guarantees that the advantages of progress reach the furthest heights, impacting the lives of both urban and rural inhabitants. By addressing a basic need for energy inclusivity, this action not only supports environmental sustainability but also fosters an inclusive economy.
One other pillar of this inclusive objective is the middle-class affordable housing program. The budget increases access to homeownership, which benefits neighbouring businesses and boosts economic growth in the real estate sector. In addition to providing a place to live, affordable housing can be used as a tool for wealth creation, community development, and social upliftment.
Mr Darshan Hiranandani also talked about the budget's focus on artificial intelligence (AI) demonstrating India's resolve to maintain its leadership position in technological advancement. By incorporating AI into the economy, it can be made sure that the advantages of the digital revolution are used for the benefit of all people rather than just a few. The budget creates the conditions for a knowledge-based economy by investing in innovation and technology, opening doors for job seekers and entrepreneurs with a variety of skill sets.