As India marches toward becoming a global economic powerhouse, its greatest strength lies in its youthful and dynamic workforce. With a median age of just 29, we have a golden opportunity to shape the future—but only if we equip our people with the right skills, resources, and entrepreneurial support.
The Union Budget 2025-26 presents a transformative opportunity to focus on two key drivers of growth: Skill Development & Entrepreneurship. Dr. Yajulu Medury, Vice Chancellor of Mahindra University, highlights why these pillars are essential for India's progress.
With industries evolving rapidly—AI, automation, clean energy—the alignment of skills with industry needs is more critical than ever. While initiatives like NSDC have laid a strong foundation, the next step must be bold and future-focused:
✅ Integrating emerging tech like blockchain, robotics, and sustainability into training
✅ Global benchmarking of vocational education to make Indian talent globally competitive
✅ Boosting R&D to turn India into a leader in research-led innovation
India’s start-up ecosystem is thriving, but barriers like slow patent approvals and funding gaps in deep-tech hinder growth. To unleash full potential, Budget 2025-26 must:
✅ Operationalise the National Research Foundation (NRF) for stronger R&D
✅ Streamline patent processes & offer tax incentives for start-ups
✅ Strengthen MSMEs with better credit access & digitisation support
A skilled workforce and thriving entrepreneurship fuel a virtuous cycle of growth—creating jobs, driving innovation, and reducing economic disparities. As India transitions into a global leader in innovation, this Budget isn’t just about numbers—it’s about investing in people and empowering innovators.
💡 What policies or reforms do you hope to see in Budget 2025-26? Let’s discuss in the comments! 👇
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