Budget expectations: As India prepares for the 2024 interim budget before the Lok Sabha elections, there is optimism that the budget will focus on rural jobs and schemes, including initiatives like 'Make in India,' expansion of Production-Linked Incentive (PLI) schemes, and targeted agriculture-related subsidies and incentives. Lower subsidies in the budget may put pressure on rural demand, but the government is expected to divert savings towards spending on rural infrastructure and incentives that improve cash flow. Challenges in the rural job market include underemployment and limited skill development opportunities, while inadequate rural infrastructure and insufficient social security measures also need attention.
