To make India a $5 trillion economy by 2024-2025 as the fourth Industrial Revolution or Industry 4.0 knocks at the door, the country urgently requires a renewed focus on skilling the youth in advanced technologies as robotics, Artificial Intelligence (AI), Internet of Things (IoT), 3D printing, data analytics and quantum computing.

Skilling Millennials

The onus to create New-Age coders – millennials who can write Cloud and AI-driven algorithms and help create secure software and apps — lies completely with the public-private sector collaborations so that India first becomes a $3 trillion digital economy on way to hit the $5-trillion mark.

According to policy think-tank Broadband India Forum (BIF), IoT and AI-based applications will create over 28 lakh jobs in rural India over a period of eight to 10 years with an annual value of Rs 60,000 crore.

The Budget 2019 lays thrust on equipping youth with core, future-first skills in Artificial Intelligence, IoT, Big Data, Virtual Reality and Robotics, among others.

“This move would, in the short-term, contribute to accelerating ongoing digital transformation initiatives, and to the emergence of a digital-first nation. Alongside, it would also enable India to emerge as a key talent hub for such skill-sets,” said Prabhu Ram, Head, Industry Intelligence Group (IIG), CyberMedia Research (CMR).

Source: The New Indian Express

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