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PM Modi Highlights Job Creation, Economic Growth, and Innovation in Post-Budget Address

RR Team, March 5, 2025March 5, 2025

Prime Minister Narendra Modi, in his post-budget webinar on employment, emphasized the transformative impact of the Union Budget on India’s workforce, economy, and innovation landscape. Addressing stakeholders via video conferencing, he underlined the theme of “Investing in People, Economy, and Innovation” as a blueprint for India’s development. He reiterated that the government has given equal priority to infrastructure, industries, education, skills, and healthcare, recognizing their collective role in shaping India’s future.

Highlighting the ongoing transformation in India’s education system, PM Modi pointed to major initiatives such as the National Education Policy, expansion of IITs, integration of technology in education, and digitization of textbooks in 22 Indian languages. These efforts, he said, are aligning the education system with the demands of the 21st-century world. He also underscored the importance of skill development, noting that over 3 crore youth have been trained since 2014, with the upgrade of 1,000 ITIs and the establishment of 5 Centers of Excellence. The PM-Internship Scheme, aimed at providing practical skills to youth, was highlighted as a key initiative to bridge the gap between education and industry needs.

On healthcare, the Prime Minister announced plans to add 10,000 medical seats this year, with a target of 75,000 new seats in the next five years. He highlighted the expansion of telemedicine facilities across Primary Health Centres and the establishment of day-care cancer centres and digital healthcare infrastructure. These initiatives, he noted, will not only improve healthcare access but also create employment opportunities.

PM Modi also addressed the importance of planned urbanization, given that India’s urban population is expected to reach 90 crore by 2047. He announced a ₹1 lakh crore Urban Challenge Fund to enhance governance, infrastructure, and financial sustainability, while also boosting private investment. He urged the real estate and industrial sectors to play a proactive role in sustainable urban development.

Tourism was another major focus area, with the Prime Minister highlighting its potential to contribute up to 10% of India’s GDP and create employment for millions. He announced plans to develop 50 tourism destinations, grant infrastructure status to hotels, and expand the Mudra Yojana to support homestays. Additionally, initiatives like ‘Heal in India’ and ‘Land of the Buddha’ aim to position India as a global tourism and wellness hub.

On innovation, PM Modi emphasized India’s growing AI potential, announcing a ₹500 crore allocation for AI-driven education and research. He revealed plans to establish a National Large Language Model to develop AI capabilities and urged the private sector to lead in providing safe, affordable, and democratic AI solutions. He also highlighted the ₹1 lakh crore corpus fund for startups and the Deep Tech Fund of Funds, which will enhance investment in emerging sectors. Research fellowships at IITs and IISc, along with initiatives like the National Geo-spatial Mission and National Research Foundation, are expected to further accelerate innovation.

The Prime Minister also announced the Gyan Bharatam Mission, which aims to digitize over one crore manuscripts, preserving India’s rich heritage and making knowledge accessible to scholars worldwide. Additionally, he spoke about the establishment of a National Gene Bank to safeguard plant genetic resources and ensure future food security.

Citing recent IMF observations, PM Modi noted that India’s economy has grown by 66% between 2015 and 2025, reaching $3.8 trillion. He expressed confidence that India is on track to becoming a $5 trillion economy and emphasized the importance of implementing budget announcements effectively. He praised the shift from isolated policy-making to a collaborative “Jan-Bhagidari” model, where stakeholders engage in discussions both before and after the budget.

The webinar served as a platform for government officials, industry leaders, academics, and citizens to deliberate on job creation, economic growth, and innovation. The Prime Minister reiterated that employment generation remains a key priority, and the government’s proactive approach aims to create a skilled, healthy workforce contributing to India’s vision of becoming a developed nation by 2047.

 

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