Licensed to skill: Get the job done
This approach is intended to ensure that students acquire relevant skills for a competitive job market. There's also a concerted push to promote STEM education and digital literacy, equipping our young with tech competencies increasingly valued in today's job market.
Entrepreneurship is gaining traction as a viable career path, with 14.1% of young Indians (5.9 cr) opting for self-employment. The budget addresses this trend by proposing additional startup incubators be established. These incubators will provide mentorship, networking opportunities and access to resources crucial for new businesses to thrive. Also announced was access to credit being eased by simplifying loan applications and reducing financial barriers.
Salaried employment remains a significant component of the job market, engaged in such roles. The budget introduces measures to bolster this sector, including job-creation policies expected to generate new opportunities in both public and private sectors. Investments in infra projects and high-growth industries are anticipated to create new jobs, while fair labour practices aim to improve job security and working conditions.
Rural employment presents a critical challenge, with only 2.4% of young Indians (1 cr) involved in agriculture. The budget proposed substantial investments in modern agricultural techniques and infra, including funding for advanced farming technologies, irrigation systems, and sustainable practices to boost productivity and income for farmers. Improving rural infrastructure
