Emphasis on skill development to become an alternative to China, education budget can be increased to 6%

Experts believe that, despite the fact that there are jobs available in the country, the most common reason for youth unemployment is a lack of skills. Only by emphasizing skill development can we become a viable alternative to China and ensure the success of the China Plus One policy. As a result, it is expected that the education sector's allocation in this budget will be increased to 5 to 6 percent of GDP, up from 2.5 to 3 percent currently.

Finance Minister Nirmala Sitharaman may make special announcements to improve the education system and increase the use of artificial intelligence in it.

The government has set a target of making one crore women Lakhpati Didi to empower half the population. In this budget, the Finance Minister can make special announcements for women. Experts believe that the budget may implement subsidies for the betterment of women and tax relief to reduce the prices of important commodities. Married women may get benefits like a joint filing option or tax credit for tax exemption. Also, women can get the facility of maternity leave in all jobs.

The real estate sector may get the status of the industry this time, which has been awaited for a long time. This will bring investment in the sector. Dhawal Ajmera, director of Ajmera Realty and Infra India Ltd. said, that pending demands like a single-window clearance system are also expected to be fulfilled. He said, RBI and RERA need to redefine the standard definition of affordable housing, where it should be limited to the size of the house of 60 to 90 square meters instead of the current price bracket of 45 lakhs.