(GIST OF KURUKSHETRA) Budget for Youth of Amrit Kaal : MARCH -2023

(GIST OF KURUKSHETRA) Budget for Youth of Amrit Kaal

(MARCH-2023)

Budget for Youth of Amrit Kaal

Introduction:

As the largest democracy with the highest working-age population, India has a unique opportunity
to strengthen its contribution to the global economy as countries adapt to a post-pandemic setting riddled with challenges.
The Finance Minister outlined seven priorities for Union Budget 2023: inclusive development, unleashing potential, green growth, youth power, last mile reaching, financial sector and infrastructure investment. The latest budget places a significant emphasis on empowering India’s demographic dividend, the youth, on leading the country towards its vision for the Amrit Kaal.

Implementation Strategy For India to emerge as the world's talent hub for digital skills, the following strategies are to be adopted:

Identifying Areas of National importance:

Identify areas of national significance for building world-class talent in India. Based on the emerging areas, collaborations with top overseas higher education institutions that have developed expertise in teaching-learning and research could be considered in a customised format. Emerging technologies encompass technology areas of Cybernetics, Mechatronics, Design and Embedded systems, Internet of Things, Big Data, Artificial Intelligence and many more, catalysed by methods which are intelligent, autonomous, and efficient and are expected to drive innovation in sectors as diverse as agriculture, water, energy, transportation, infrastructure, security, health, and manufacturing. Thus, it is heralded as the next paradigm shift in technology that can exponentially spur growth and development in the following domain areas:

Artificial Intelligence and Machine Learning
Technologies for Internet of Things and Everything (IoT & IOE), Sensors, Activators and Control
Databanks & Data Services, Data Analytics
Advanced Communication Systems
Robotics & Systems
Cyber Security for Infrastructure Autonomous and Cyber Physical

Measures taken:

Implementing the National Education Policy on priority: It is essential to have a long-term focus, and we must teach the right attitudes.
Continuous learning, skill credits, world-class academic institutes, experiential learning, and faculty training must focus on excellence and outcomes.
Building Alternate Talent Pools: Engineers have been at the core of our talent strategy, but all tech skills don't require a four-year degree.
India needs to build digital capabilities in smaller towns, get more women to join the work stream with hybrid work norms, and revamp vocational education from industrial training institutes and polytechnics. We can leverage corporate-social-responsibility funding from the industry for these programmes.
Incentivising Skilling: In the early days of the tech sector, tax incentives played a crucial role in building a global footprint of multinational corporations in India. We must now create schemes that incentivise skilling for corporates, not just for their own needs but across the ecosystem.
Exploring Innovative Learning Models: Use apprenticeship programmes at scale, not just for a certificate, but coupled with assessments. Invest in building world-class free content that anyone can leverage and align with a credible certification system.
Democratising Training: We must remove all hurdles for people to get skilled. Unnecessary entry qualifications and eligibility criteria should be dropped. Let's have no barrier to entry but a quality-controlled exit process.