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Implementation Will Be Key To Job Creation Ideas

To improve reach and access to quality education to deprived sections of society providing online degree courses from the top Indian institutes is a welcome move.

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Budget 2020 focuses on three themes of meeting India’s aspiration, inclusive economic development and caring society. A cross-cutting theme across these is creating job opportunities to effectively leverage India’s demographic dividend.

In her budget speech, the FM acknowledged the developments influencing the future of the workplace in terms of proliferation of technologies, specially analytics, machine learning, robotics, bioinformatics and artificial intelligence, and the fact that by 2030 India will have the highest number of people in the productive age group i.e. 15-65 years in the world.

Creating job opportunities for all in such a world has been touched upon throughout the budget where life-long learning, skill development and re-skilling will be of paramount importance.

The National Education Policy to be announced shortly is expected to bring in transformative changes in India’s education system and align it to global standards. This is expected to help in making our talent pool globally competitive. The proposal to allow foreign direct investment and external commercial borrowings in the sector is a positive move. To better the employability of students studying in the general stream, 150 higher education institutions will start apprenticeship embedded degree/diploma courses. 

To improve reach and access of quality education to deprived sections of society providing online degree courses from the top Indian institutes is a welcome move. This will help improve the quality of such online courses as well as acceptability of degrees by industry. In the budget, job creation opportunities have been discussed in the following sectors.

Farm sector action plan: The objective is to improve farming sector productivity by facilitating an enabling ecosystem for improved farming & irrigation techniques, setting up processing facilities and developing logistics for faster reach to the market. The proposed interventions provide entrepreneurial and job opportunities across districts. 

Infrastructure: The boost in planned infrastructure spending is expected to result in new job opportunities in construction and operation & maintenance of assets and facilities. Adequate skills will need to be developed at the regional level which will be a key requirement for successful implementation. 

Urban: The internship programme for graduate engineers at the urban local bodies will not only give them a great opportunity to gain experience and expertise but also help augment the capacity of the urban local bodies to provide better service delivery using smart technologies. Based on the success of this initiative, similar programmes may be considered for government departments and agencies to augment their capacity requirements. 

Healthcare: The shortage of doctors at districts is sought to be addressed by setting up medical colleges attached to existing district hospitals in states that opt to participate. The medical colleges are proposed to be built in PPP mode with viability gap funding.

Manufacturing: India needs to leverage its advantage to manufacture networked products and be a part of global value chains through the “Assemble in India” initiative. Sectors like the manufacture of mobile phones, electronic equipment, semiconductor packaging and medical devices have been called out in the budget speech. The anticipated investments in modern facilities adopting industry 4.0 technology are expected to generate more employment for our youth who will need their skills and expertise to be developed as per the technical standards expected by such investors. 

As a policy direction, this budget gives opportunities for employment, but the challenge will be in implementing at the ground level, benefitting every district of the country, especially non-urban areas through setting up educational and skill development facilities deploying contemporary teaching & learning methodologies and courses.

Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.

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Union Budget 2020 Union Budget 2020-21

Anindya Mallick

The author is Partner at Deloitte India

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