On July 23, 2024, SCOPE (Standing Conference of Public Enterprises), an apex body representing Public Sector Enterprises, lauded the newly presented budget as a significant step towards boosting the country’s growth trajectory. The Hon’ble Finance Minister received commendation for delivering a visionary budget that emphasizes long-term growth and inclusive development.
Mr. Atul Sobti, Director General of SCOPE and Member of the Governing Body of the International Labour Organization (ILO), praised the budget for its comprehensive approach. He noted that the Budget 2024 prioritizes critical areas essential for building a self-reliant nation, with a strong emphasis on manufacturing, particularly focusing on Micro, Small, and Medium Enterprises (MSMEs). Additionally, the budget outlines significant investments in infrastructure, innovation, and skill development, while ensuring fiscal consolidation.
Mr. Sobti highlighted the budget’s potential to accelerate employment creation and enhance India’s position as a global manufacturing hub. “The Budget 2024 is a forward-looking budget, prioritizing areas for a self-reliant nation, giving thrust to manufacturing with special focus on MSMEs, infrastructure, innovation, and skills, while maintaining fiscal consolidation. This would not only accelerate employment creation but also help in making India a global manufacturing hub,” he stated.
The inclusive approach of the budget aims to create a balanced and sustainable economic environment, fostering growth across various sectors. SCOPE’s endorsement of the budget underscores the positive impact it is expected to have on public enterprises and the broader economy.
Title: SCOPE Commends Growth-Oriented and Inclusive Budget 2024
**Conclusion:**
SCOPE’s endorsement of the Budget 2024 highlights the positive reception from key stakeholders in the public sector. The emphasis on manufacturing, MSMEs, infrastructure, innovation, and skill development, coupled with fiscal prudence, positions India on a robust path toward sustainable growth and global competitiveness. The budget’s focus on inclusive development is expected to drive employment and economic stability, reinforcing India’s goal of becoming a self-reliant nation.