Further to Finance Minister Nirmala Sitharaman’s Union Budget 2023 announcement, below is Post Budget quote from Nitin Varma, Managing Director, India & SAARC, CrowdStrike.
“The 2023 Union Budget holds immense promise for technology development and skilling. Today, developing new skills is essential for various industries with new and emerging technologies. In particular, cybersecurity is a field that is constantly evolving and requires regular upskilling through advanced training programs. In the recent years, we have seen a significant rise in cyberattacks, however, many organizations are struggling with skill gap and resource crunch. It is encouraging to see that infrastructure and investment as well as youth power are main priorities as these are closely aligned with dynamic industry needs. Investments in infrastructure will have a large multiplier impact on growth and employment, leading to ramping up the virtuous cycle of investment and job creation.
The government’s decision to formulate the National Education Policy, focused on skilling will facilitate job creation at scale. The digital ecosystem for skilling will be further expanded with the launch of a unified Skill India Digital platform for enabling demand-based formal skilling. The proposed Pradhan Mantri Kaushal Vikas Yojana 4.0 meant for skilling youth shall entail new age courses for Industry 4.0 like coding, AI, robotics, soft skills etc. It is a great incentive keeping in mind the importance of skilling, upskilling and reskilling in the present scenario. Another emerging technology today is Artificial Intelligence.
The three proposed centres of excellence for Artificial Intelligence too is a good opportunity for industry players to partner in interdisciplinary research, develop cutting-edge applications and scalable problem solutions. These initiatives will pave the way for building a workforce that will be skilled and ahead of the curve in their respective industry.”
-Nitin Varma, Managing Director, India & SAARC, CrowdStrike