Union Budget’s Role in the Structural Transformation of India’s MSMEs and Startup Labour Markets
DOI:
https://doi.org/10.69980/8h3dv348Keywords:
Union Budget, Entrepreneurship MSMEs, Startups, Structural Transformation, Innovation, Labour Market, Inclusive Growth, Sustainable DevelopmentAbstract
The Union Budget Plays a critical role in shaping India’s economic transformation, MSME growth, and the startup ecosystem. This study examines how recent Union Budget contribute structural transformation through fiscal priorities such as public capital expenditure, Production-Linked incentive (PLI) schemes, MSME support, startup promotion, and digital infrastructure development. The paper highlights the role of fiscal policy in fostering entrepreneurial activity, innovation, and employment generation across sectors. It further evaluates the impact on formalization, Particularly among women.
Using primary data and statistical analysis, the study finds that fiscal interventions significantly influence enterprise creation, self-employment, and innovation-driven job opportunities. While capital-intensive growth strategies contribute to sectoral shifts, sustainable transformation requires stronger support for MSMEs, startups, and human capital development. The study concludes that the Union Budget is not only a fiscal instrument but also a strategic tool for promoting entrepreneurship-led, inclusive, and sustainable economic growth.
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