The NDA Government under PM Narendra Modi Govt has created a robust ecosystem to realise their full capabilities

🔵 Strengthening education system

🟢 Boosting startups

🟡 Creating job opportunities

India’s youth have been the biggest ambassadors of the country’s talent and potential. Their aspirations have driven the country to reach new heights. The last 7 years of Modi government have focused on clearing the path of India’s youth as they navigate through opportunities across fields. From education to empowerment, from start-ups to sports, an ecosystem has been taking shape for them to achieve their true potential. 

Today’s world is changing at an unprecedented speed. Each day, we are faced with new challenges, some of which do not have any precedence in history. In such a scenario, an outdated education system could be detrimental for the future of our youth. The new National Education Policy 2020, introduced after 34 years, makes education a dynamic process. It focuses on new age skills as well as provides enough room for students to learn at their own pace. The policy prepares youth to be solution-oriented, agile and mentally equipped to handle real-life situations or be able to operate, even, in an unfamiliar environment.

The New Education Policy is aimed at ensuring universal access to quality education at all levels of schooling. It introduces modification in pedagogical structure as per global best practices. It makes multidisciplinary learning the fulcrum of the education system. No longer would children have to choose between science and arts or maths and sports. The entire field is open to them to explore their inner potential and expand their interests. The NEP 2020 also promotes learning in mother tongue making education more accessible and multilingual.

In higher education too, the NEP, has brought in qualitative changes, providing more options for youngsters to choose their own path. The multiple exit and entry option makes their journey risk averse and more unique.

It is not only in education, where the youth are getting an opportunity to explore possibilities and express themselves. The ever-expanding start-up ecosystem is helping the youth grow and providing resources and the right platform to be part of the solution. Earlier, starting one’s own business would be looked upon as an incredibly risky affair. Parents would discourage their children from starting something of their own. 

But today the situation has turned around. India has emerged as one of the largest start-up ecosystems in the world. Parents today feel proud to say that their children are entrepreneurs. This confidence has risen because the government is enabling start-ups at every level. Today, India houses 38 Unicorn start-ups, i.e. those valued at over $1 billion. In 2020, 12 start-ups joined the Unicorn club. In 2021, 9 more were added in the first four months. Till May 2021, India has 47,000 start-ups recognized by the government. 

The aim is to reach 50,000 new start-ups by 2024. For that, a fund of funds has been set up with a corpus of Rs. 10,000 crore. The government has also launched Rs 1,000-crore seed fund for startups aimed at helping start-ups with initial capital for growth and operations. 

Sky’s the Limit for India’s Youth

India’s youth have been the biggest ambassadors of the country’s talent and potential. Their aspirations have driven the country to reach new heights. The last 7 years of Modi government have focused on clearing the path of India’s youth as they navigate through opportunities across fields. From education to empowerment, from start-ups to sports, an ecosystem has been taking shape for them to achieve their true potential. 

Today’s world is changing at an unprecedented speed. Each day, we are faced with new challenges, some of which do not have any precedence in history. In such a scenario, an outdated education system could be detrimental for the future of our youth. The new National Education Policy 2020, introduced after 34 years, makes education a dynamic process. It focuses on new age skills as well as provides enough room for students to learn at their own pace. The policy prepares youth to be solution-oriented, agile and mentally equipped to handle real-life situations or be able to operate, even, in an unfamiliar environment.  https://www.youtube.com/embed/NXQZSi2BDr4

The New Education Policy is aimed at ensuring universal access to quality education at all levels of schooling. It introduces modification in pedagogical structure as per global best practices. It makes multidisciplinary learning the fulcrum of the education system. No longer would children have to choose between science and arts or maths and sports. The entire field is open to them to explore their inner potential and expand their interests. The NEP 2020 also promotes learning in mother tongue making education more accessible and multilingual.

In higher education too, the NEP, has brought in qualitative changes, providing more options for youngsters to choose their own path. The multiple exit and entry option makes their journey risk averse and more unique.

It is not only in education, where the youth are getting an opportunity to explore possibilities and express themselves. The ever-expanding start-up ecosystem is helping the youth grow and providing resources and the right platform to be part of the solution. Earlier, starting one’s own business would be looked upon as an incredibly risky affair. Parents would discourage their children from starting something of their own. 

But today the situation has turned around. India has emerged as one of the largest start-up ecosystems in the world. Parents today feel proud to say that their children are entrepreneurs. This confidence has risen because the government is enabling start-ups at every level. Today, India houses 38 Unicorn start-ups, i.e. those valued at over $1 billion. In 2020, 12 start-ups joined the Unicorn club. In 2021, 9 more were added in the first four months. Till May 2021, India has 47,000 start-ups recognized by the government. 

The aim is to reach 50,000 new start-ups by 2024. For that, a fund of funds has been set up with a corpus of Rs. 10,000 crore. The government has also launched Rs 1,000-crore seed fund for startups aimed at helping start-ups with initial capital for growth and operations. https://www.youtube.com/embed/EIFLwYElHF8

The start-up culture has become synonymous with new age thinking, innovation and job creation. With the government opening the space sector for private participation, a fillip has been given to start-ups.  As per Economic Survey 2020-21, more than 40 Indian start-ups are working in the space sector.

Modi government is focused on bringing the best technology to India’s shores and making India a hub of innovation. Today, India has one of the lowest corporate taxes in the world. The government has opened up even the strategic sectors for private investment. Our youth can now look gain from sectors like defense, space, coal, mineral, agriculture. In order to encourage investment in start-ups, capital gains exemption has been extended. The government has also extended eligibility for claiming tax holiday for start-ups.

The world is looking to invest in India’s youth. This can be seen from the fact that year after year India is setting new records in FDI. In 2020-21, India’s FDI grew to a record high of $81.72 billion, even amidst the pandemic.

The Production Linked Incentive Schemes launched across 13 sectors, including pharmaceuticals, textiles and specialty steel among others are investments of the government that pay off in massive job creation, as is being seen in the electronics sector already. Acknowledging its transformative potential, Budget 2021 has also reiterated the government’s commitment of ₹1.97 lakh crore to PLI schemes for the next five years. This will not only expand India’s manufacturing base but also employ lakhs of youth.

Infrastructure is another area that has been creating jobs, both directly and indirectly in affiliate sectors. With the work ongoing on 15 metro and rail connectivity projects across the country including Pune, Kochi, Surat, Kanpur and Agra, and the 38,685 km highways built under the Bharatmala initiative, livelihood opportunities have been generated across the board. It is to be remembered that infrastructure creation is especially job intensive since it does not only create direct jobs but also creates a ripple effect in allied sectors that feed into it. 

Job creation does not however restrict itself to these efforts. Just looking at the MUDRA scheme, under which ₹15 lakh crore of loans have been sanctioned to date, one sees how small scale entrepreneurship generates opportunities for both job creators and job seekers. With nearly 11 crore accounts added in the last two years alone, one can easily visualize the ground scale changes taking place. 

Some of these changes in the jobs scenario are also captured well in the EPFO data, which can indicate the trend in creation of formal jobs. In the last two years, net additions to the EPFO have touched 1.55 crore, evidence that more and more people are being employed with appropriate social security nets that fulfil their requirements.

Our youth should get the best education, the best opportunities and expansive global exposure. Today, our youth are participating in nation building like never before. The Smart India Hackathons have shown how well they know the nation’s problems. They are coming up with innovative, cost-effective solutions in areas of waste management, healthcare, communication, renewable energy, food processing, artificial intelligence and what not.

India’s youth will be the force multiplier in fulfilling the vision of New India.