Employment Schemes in the Budget: Insights from Union Finance Secretary Dr. TV Somanathan

Sunday, 28 July 2024, 14:53

Union Finance Secretary Dr. TV Somanathan addressed the gaps in India's education and skilling systems in relation to the new employment schemes introduced in the budget. He highlighted that while improvements are necessary, significant changes cannot be made overnight. The government aims to enhance the quality of education and training over time, addressing these issues progressively. This approach indicates a long-term commitment to workforce development and economic stability.
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Employment Schemes in the Budget: Insights from Union Finance Secretary Dr. TV Somanathan

Employment Schemes in the Budget

Union Finance Secretary Dr. TV Somanathan discussed the current state of the education and skilling systems in India, emphasizing that they are not perfect. There are various gaps that hinder the effectiveness of employment schemes.

Challenges in Education and Skilling

The statement made by Dr. Somanathan points out the inability to fix these systemic issues overnight. He acknowledged that immediate fixes are unrealistic and emphasized the need for a gradual approach.

Commitment to Improvement

  • The government is focused on enhancing the education system.
  • There is a strong emphasis on better skilling.
  • This is a long-term vision rather than a quick fix.

In conclusion, while the employment schemes have the potential to address unemployment, the success of these initiatives will rely on resolving the underlying challenges in education and skilling.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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