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PM addresses Post-Budget Webinar on boosting job creation
Prime Minister Shri Narendra Modi on 5 March addressed the Post-Budget Webinar on Employment, emphasizing the theme “Investing in People, Economy, and Innovation.” He highlighted the budget’s role as a blueprint for India’s future.
Investing in Education, Skills, and Healthcare
Shri Modi outlined three key pillars of investing in people: education, skills, and healthcare. He highlighted the transformation of India’s education system through the National Education Policy, IIT expansion, technology integration, and AI adoption. The introduction of digitized textbooks in 22 Indian languages ensures alignment with 21st-century educational needs.
3 crore youth received skill training
Regarding skill development, he emphasized that over 3 crore youth have received skill training since 2014, with 1,000 ITIs upgraded and 5 Centers of Excellence established. Efforts are underway to align training with global industry standards. He encouraged greater collaboration between industry and academia and promoted the PM-Internship Scheme for practical learning.
In healthcare, he announced the addition of 10,000 new medical seats and a target of 75,000 seats in five years. The government is expanding telemedicine facilities, establishing daycare cancer centers, and developing digital healthcare infrastructure to ensure quality healthcare reaches all.
Strengthening the Economy
Discussing economic investments, Shri Modi highlighted the need for planned urbanization, with India’s urban population projected to reach 90 crore by 2047. The government has introduced a 1 lakh crore Urban Challenge Fund to improve governance, infrastructure, and financial sustainability.
The Prime Minister underscored the tourism sector’s potential to contribute 10% of GDP and generate employment. The budget includes initiatives to develop 50 tourism destinations, grant infrastructure status to hotels, and promote domestic and international tourism.
Innovation and Technology: AI and Startups
Shri Modi emphasized the role of innovation in shaping India’s future, highlighting AI’s potential to contribute significantly to the economy. The budget allocates 500 crore for AI-driven education and research, alongside plans for a National Large Language Model. He urged the private sector to lead in AI solutions and capitalize on India’s growing startup ecosystem.
India, now the world’s third-largest startup hub, will benefit from a 1 lakh crore corpus fund for research and innovation, including a ‘Deep Tech Fund of Funds.’ He mentioned the provision of 10,000 research fellowships at IITs and IISc, the National Geo-spatial Mission, and the National Research Foundation to accelerate innovation.
Roadmap for the Future
Citing the IMF’s report, he noted India’s economy grew by 66% between 2015-2025, reaching $3.8 trillion. He reiterated India’s path to a $5 trillion economy and stressed the need for strategic investments. He praised the ‘Jan-Bhagidari’ model for fostering participatory governance, ensuring better implementation of budget initiatives.