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Home Corporate Social Responsibility

Budget 2023-2024 Emphasizes Inclusive Growth and Skilling of Youth for 21st Century Demands

The aim is to ensure accessible and quality education for all, fostering the development of necessary skills and competencies for the demands of the 21st century

India CSR by India CSR
February 1, 2023
in Corporate Social Responsibility
Reading Time: 2 mins read
Prateek Gujral, Principal Advisor - South Asia, Augustana University, South Dakota, US
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There is a need for investment and policy intervention in higher education to achieve the government’s goal of having 25% of Indians as the world’s workforce by 2047


NEW DELHI: The government’s budget for 2023-2024 has received praise for its focus on inclusive growth and education, particularly in the areas of youth and skilling. Initiatives such as the recruitment of teachers for Eklavya Model Residential Schools and the revamp of teacher training programs through District Institutes of Education and Training have been highlighted as positive steps towards improving education in India.

However, there is a need for investment and policy intervention in higher education to achieve the government’s goal of having 25% of Indians as the world’s workforce by 2047. Exposure to international education opportunities through student exchange programs and collaborations with foreign universities are crucial for developing a competitive and capable workforce.

The objective should be to provide quality and accessible education opportunities to all while equipping them with the skills and capabilities needed for the 21st century demands. By incorporating global best practices and aligning them with India’s unique needs, the country has the potential to become a higher middle-income nation.

Prateek Gujral, Principal Advisor – South Asia, Augustana University, South Dakota, US said, “Exposure to internationalisation is essential for developing a smart workforce. India not only needs to be open to collaborating with foreign universities, but it should strive to emerge as a study-abroad destination as well.”

Tags: Union Budget 2023-2024

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