Union Budget 2022 | 60 Lakh New Jobs | Are we ready for it?


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By Rahul Veerwal

01 February 2022


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FM Nirmala Sitharaman's Big Announcement

 

"PM Gati Shakti will pull forward the economy and will lead to more jobs and opportunities for the youth," she said.

 

This is one of the most useful Key Takeaways for the higher educational institutions from Union Budget 2022 presented on 1st Feb, but, what does this mean for your college or the whole higher education sector and what are the latest opportunities and challenges that we can see in the upcoming years? Let's have a look and the key takeaways:

 

1. 3 Keywords in today's speech - Digital India, Rural Economy & Agri-Tech. The future is demanding the new-gen skills, even if the PM Modi led Govt. of India creates 60 Lakhs+ job opportunities, the focus will now be shifting to Employable Skills.

 

2. Digital Bharat - Presenting the budget on digital tablet and accepting Cryptocurrency is a huge move towards making Bharat as one of the leading Digital Economies in the world.

 

3. The Production-Linked Incentive (PLI) scheme across 14 sectors, including IT hardware manufacturing, is going to generate at least 60 lakh new job opportunities in covering key sectors like pharmaceuticals, medical devices, large-scale electronics manufacturing, food products, solar EV modules, automobiles/auto components, ACC battery, textile products etc. More emphasis on technologies like deeptech, agritech, EV tech, defence & digital payments will help tech startups.

 

4. Digital University - Finance Minister Nirmala Sitharaman on Tuesday proposed to set up a digital university to provide education that will be built on a hub and spoke model

 

Conclusion - This is once again a Day 0 for setting up your digital college & universities. The colleges and universities can take benefits of the following apps & collaborations to manage their digital journey and become the leader in tech-backed world. 

  1. Admissions Management - Nopaperforms (https://www.nopaperforms.com/)
  2. Online Test Management - Mettl (https://mettl.com/abt/)
  3. Campus Placement Management - GetWork's SuperApp (https://getwork.org/super-app)
  4. Hire Mentors & Guest Lecturers - Mentorkart (https://mentorkart.com/)


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