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In the address regarding the Union Budget 2024, the Finance Minister highlighted key areas for the upcoming year. which of the following sectors was e
Question

In the address regarding the Union Budget 2024, the Finance Minister highlighted key areas for the upcoming year. which of the following sectors was emphasised?

A.

Infrastructure, Technology, Tourism and Environment

B.

Education, Sports, Culture and Entertainment

C.

Agriculture, Defense, Space and Healthcare

D.

Employment, Skilling, MSMEs and the Middle Class

Correct option is D

Correct Answer: (D) Employment, Skilling, MSMEs, and the Middle Class

Explanation:

In the Union Budget 2024, the Finance Minister emphasized sectors directly impacting the growth and well-being of the broader population.

Key areas of focus included:

  • Employment:
    • Priority was given to job creation through government initiatives and support for emerging industries and startups.
  • Skilling:
    • Major investments were announced in skilling programs, with a focus on enhancing the employability of India's youth and aligning them with global standards.
  • MSMEs (Micro, Small, and Medium Enterprises):
    • Special attention was directed toward MSMEs as they form the backbone of India's economy. Measures to provide credit support, reduce compliance burdens, and encourage innovation were outlined.
  • Middle Class:
    • Tax relief and reforms aimed at benefiting the middle class were proposed, along with incentives to improve their disposable income and quality of life.

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