Prime Minister Narendra Modi Highlights Importance of Skill Development and Innovation for Job Creation and Economic Growth
In a recent address following the Union Budget 2025-26, Prime Minister Narendra Modi underscored the critical need for increased investment in talent promotion, skill development, and innovation. Speaking at a webinar focused on employment, Modi highlighted the government’s commitment to creating a robust ecosystem for skill development and innovation to drive economic growth and job creation.
PM Modi:Key Initiatives and Achievements
Skill Development and Training
Since 2014, the government has provided skill training to over three crore (30 million) youth, equipping them with the necessary skills to meet the demands of the evolving job market. This initiative is part of the broader Skill India Mission, which aims to create a skilled workforce capable of contributing to the country’s economic development.
Innovation and Research
Prime Minister Modi announced the establishment of a National Large Language Model (LLM) for AI research in India. This move is aimed at enhancing the country’s capabilities in artificial intelligence and fostering innovation in the tech sector. The government has also introduced Skill India Digital, an initiative that leverages AI-driven tools to modernize skills and bridge the gap between education and industry demands.
Support for MSMEs
Micro, Small, and Medium Enterprises (MSMEs) are the backbone of India’s industrial growth. The government has expanded the definition of MSMEs in the 2025-26 budget to provide them with greater support and access to credit. Additionally, the government has facilitated increased lending to MSMEs, with loans to these enterprises growing from Rs 12 lakh crore to Rs 30 lakh crore over the past decade.
Focus on Tourism and Infrastructure
The government plans to classify investments in tourism as infrastructure spending to attract more investments and businesses to the industry. This move is expected to boost the tourism sector, create jobs, and contribute to the country’s GDP growth.
Global Opportunities and Industry Collaboration
Prime Minister Modi urged the Indian industry to take advantage of global opportunities, emphasizing India’s growing reputation as a trusted partner for high-quality manufacturing. He highlighted the success of the Production-Linked Incentive (PLI) scheme, which has attracted significant investments and boosted production and exports across 14 sectors.
Conclusion
Prime Minister Modi’s emphasis on talent promotion, skill development, and innovation reflects the government’s commitment to fostering a dynamic and inclusive economy. By investing in these critical areas, India aims to create a skilled workforce, drive innovation, and enhance its global competitiveness. The initiatives outlined in the Union Budget 2025-26 are expected to play a pivotal role in achieving these goals and ensuring sustainable economic growth.
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