Budget 2023-24 is a crucial tool by the government to reinforce commitment to quality of life. In order to achieve this, all sectors of the economy need to get due attention and resources to ensure the delivery of essential services to the people and stimulate growth.
Here is a detailed analysis of the Budget 2023-24 and its sector-wise objectives:
Education:
The government has allocated a total of Rs 92,000 crore for the education sector in Budget 2023-24. It is expected that This includes funds for the Samagra Shiksha Abhiyan, India’s flagship program for Universal Elementary Education, and the higher education sector. The budget also proposes to introduce a National Educational Policy that will focus on revamping the curriculum, and introducing education technology, skill development, and quality improvement programs.
Healthcare:
The government has allocated an additional Rs 35,000 crore to the healthcare sector in Budget 2023-24. This is expected to contribute to the nation’s health insurance coverage and the quality of medical care available in India. The funds will also be used to improve access to emergency healthcare services, support research and development, and enhance public and private partnerships in the health sector.
Agriculture:
The Budget 2023-24 expects allocates a total of Rs 1.65 lakh crore for the agricultural sector. This includes the interim Pradhan Mantri Kisan Samman Nidhi, which is a direct cash transfer to farmers through direct benefit transfers. The budget will also be used to promote agricultural produce, improve farmers’ irrigation facilities, and expand the coverage of low-cost agricultural credit.
Infrastructure:
The government has allocated a total of Rs 5.54 lakh crore nearby towards the infrastructure sector in Budget 2023-24. This includes funds to set up new railway lines and increase the share of freight transported by rail. The budget also proposes to invest in the development of roads and highways, urban transport and electrification, and the construction of airports.
Manufacturing & Skill Development:
The government will allocate near about Rs 15,700 crore for this sector in Budget 2023-24, with an aim to increase India’s manufacturing output. These funds will be used to support the ‘Make in India’, ‘Digital India’, and ‘Skill India’ initiatives, as well as to promote the adoption of digital technology and robotics.
Digital India:
The government has allocat a total more than Rs 3,000 crore for the Digital India initiative in Budget 2023-24. These funds will be used to build digital infrastructure, promote the use of digital technology, and increase access to digital services such as e-governance, online banking, and digital literacy.
Overall, Budget 2023-24 is an ambitious policy document that seeks to invest in the nation’s development with an eye on quality of. The focus on these sectors is expected to help drive economic growth and create employment opportunities, while also reinforcing the government’s commitment to providing a better quality of life for all citizens.
Overall, the Budget 2023-24 is expected to be a major step forward for India, with the government’s intention to create robust foundations for the country’s continued economic development.
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