May 28, 2024

upGrad | Budget 2023 reaction quote

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“The Union Budget highlights the government’s focus on Care, Green, and Digital – three crucial themes that will continue to shape our economy. The good push on specialized education in nursing and medical devices, as well as the strengthening of teacher training, will help build a strong foundation for our healthcare system. The promotion of online learning through Mission Karmayogi and the IGOT platform will further drive the adoption of digital technologies, even across rural and remote regions. Another significant milestone includes the focus on setting up more AI and 5G labs and R&D centres and the need for a skilled talent pool to support this adoption, which will drive the digital transformation of our economy. It will enable ‘Make AI for India’ and ‘Make AI work for India’ a reality while also pushing the growth peddle significantly. Emphasis on the importance of Skilling and Upskilling in New-Age and Industry 4.0 Skills, will prepare Indian Talent for International Demand and position India as the Global Talent Capital of the world. We expect a wider collaboration between the government and TSPs (Technology Service Providers) in the coming times for ensuring our talent remains armed with future-ready skills and domain expertise. The budget’s proposal to provide stipend support to over INR 47 lakh youth is a major move to encourage skilling. Overall, the budget strikes a balance between caring for our citizens, protecting our environment, and harnessing the power of technology to build stronger and more progressive infrastructure for us. It is a stepping stone during the first phase of Amrit Kaal to make India a global superpower in terms of skilled manpower, technology and business growth” Mayank Kumar, Co-Founder and Managing Director, upGrad