Shanu SP Hinduja expresses optimism over Indian Budget

Written by Press Trust of India | New York | Updated: Jul 13 2014, 18:33pm hrs
Co-chair of the UN Foundation's Global Accelerator Shanu SP Hinduja has expressed optimism over the Indian Budget giving priority to all-encompassing development, saying such measures will send a strong signalto foreign companies to invest in India.

"All eyes are on India, especially on the initial 100 days of the new government. It is good to see that steps are being taken in the right direction toachieve empowerment of youth and women and to focus on skills development," she said.

Last month, Hinduja, who is Chairperson of the Hinduja Foundation US, addressed the issue of job creation and youth in a speech at the UN where she underlined the need to impart skills, particularly to people in the rural areas.

Hinduja said she was glad that her foresight on issues of women, youth, reduction of poverty and imparting skills in rural areas got endorsed in the Indianbudget, which outlined priorities for all-encompassing development, making India skilled and digital and giving impetus to skill development for youth.

She said focus on developing skills sets and on young entrepreneurs is being given priority by the new Indian government through the budget whichwill help bring investments in India.

"The implementation of measures announced by the Indian government is what the world is waiting to see. One way to implement it is to get foreign investors inIndia because they will get jobs. Focus should be given to economic growth in small towns," she told PTI.

Hinduja feels hopeful that to see that steps in the area of youth empowerment and reduction of poverty,some of which had been startedby the previous government, "are now being focused on."

"This budget is going to help India have better relations with countries as it will encourage foreign companies and the private sector to invest in India andbring economic growth to the areas that need it," she said, adding improved relations between India and the US would help bring greater stability to the Asiansub-continent.

She further said India focussing on an all-encompassing development will also help build better connections between India and the UN towards working onthe post-2015 goals.