finance minister Nirmala Sitharaman Said on Monday that the government is making “all efforts together” to maintain the current high growth rate, and the country’s economic prospects for this fiscal year have been recognized by multilateral bodies such as the International Monetary Fund.International Monetary Fund) and this world bank,
Minister said, India can be a leader in this industrial revolution 4.0which is guided by artificial intelligence (aye, machine learning And big Data and analytics, thanks to its large youth population.
Sitharaman was speaking at an event at St Teresa’s College in Ernakulam, Kerala, her office said in a post on X (formerly Twitter).
Both the IMF and the World Bank have predicted that India will remain the world’s fastest growing major economy in the current fiscal year and the next fiscal year.
The International Monetary Fund has projected India’s growth rates for 2024-25 and 2025-26 at 7% and 6.5% respectively, more than double the global average.
The World Bank last week raised its growth forecast for the country for the current fiscal year to 7% from April’s estimate of 6.6%. The country’s growth rate in the last financial year was 8.2%, much higher than expected.
As for Industrial Revolution 4.0, Sitharaman said: “It is largely led by young minds (who are spending a lot of time in research and innovation). That is why India can be a leader in this because our youth are very talented and are using innovations to create out-of-the-box solutions.”
“Our aspirations are high and we want to achieve what other countries have not been able to achieve,” he said.
Sitharaman said PM Internship Scheme It aims to bridge the employment gap especially among students from economically weaker sections of the society.
“In a potential employee, companies are looking for more than just an appropriate degree or qualification so they don’t have to spend months training them on the job,” he said.
Under the scheme, 39 of India’s top 500 companies have made 1,800 internship offers in Kerala.
financial educationThis needs to be taught from childhood and “we should not wait for them to become adults to understand how to handle their money,” the minister said.
