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The pace of time is very fast and this was seen in this year’s budget also. Till a few years ago, where people used to listen to India’s budget on the radio, now in the same budget there is talk of giving a boost to Artificial Intelligence, Orange Economy, Chip Making and Manufacturing sectors. The budget which was once read while sitting on a cot, is now telling that India will make its own things in the times to come. Cities will be connected through high speed rail network and those cities will also be strengthened economically.

Most of the allocation in the budget has been made keeping in mind the new generation. Be it an institute to teach design to the youth, investment on AI, exemption given to data center companies or increasing manufacturing in the electronics sector. The budget shows that India is moving towards investment in sectors that can become India’s new capital in the coming two-three decades.

What did content creators get?

In this era, there is a lot of production and consumption of content. This is called Animation, Visual Effects, Gaming and Comics i.e. AVGC sector. Now the government has announced that labs will be set up for these content creators. AVGC Content Creator Labs will be established in 15 thousand middle level schools and 500 colleges of the country. Animation making, video production, game designing and digital storytelling will be taught in these labs.

focus on women power

In order to enrich women, it has been announced to create She Mart and connect them with self-employment. Apart from this, there is going to be a lot of expenditure on skill development and its budget has been increased by 62%. Not only this, it has also been announced to build girls hostels in every district. It has also been announced to build 5 university townships. Besides, it was announced to create Corporate Mitra Cadre so that small businessmen can take training and expand their industries.

Besides, 10 thousand tourist guides will be prepared and 1.5 lakh people will be trained as caregivers. Also, huge investments will be made in manufacturing. This shows that India is now trying to make itself economically prosperous and independent.

Keeping in mind the constant threats of Donald Trump, tariff pressure and relations with China in the recent past, India has now decided to strengthen its manufacturing sector. Besides, attention will also be given to ensure that Artificial Intelligence does not have a negative impact on the youth of India.

What has changed?

In most of the previous budgets, new schemes were announced and populist schemes were also announced. For the first time, it was seen that not a single major or directly beneficial scheme was announced in the budget. Even in the states where elections are to be held, no special package or any such scheme was announced through which efforts could be made to woo the voters.

The biggest thing that is stopping the growth of India’s economy is that it is dependent on imports for many things. There are things like oil and gas which are not available or are less in India. In such a situation, leaving them aside, India is focusing on manufacturing those things for which India has to pay a huge amount. Besides, efforts are also being made to strengthen manufacturing in these sectors as well as create employment opportunities and take advantage of India’s large work force.