Union finance minister stresses importance of young workforce

India is poised to reap the benefits of a young working population, Union Finance Minister Nirmala Sitharaman said here today.

By giving all young people equal opportunities, regardless of gender and social class, all 65% of the young working population would be able to contribute to India’s growth. India’s working-age population is far larger than China’s, she said, adding: “It highlights the importance of education, skills and maintaining that momentum.”

In line with the National Education Policy mandate, 2020, in the current fiscal year budget, she said she distinctly recalls giving budget allocations for 750 virtual science and math labs, and 75 science and math labs. skills for a simulated learning environment. They were put in place in the current year to commemorate the 75th anniversary of the country’s independence.

India’s higher education has produced some of the best minds, which has then helped global organizations, she said. Currently, 59 people, educated in India, were CEOs of multinational companies around the world. India was the second largest contributor to the CEO pool, she added.

Diplomas presented

A total of 380 students from Indian Institute of Information Technology Design and Manufacturing (IITDM), Kancheepuram received their diplomas on Saturday. DVLN Director Somayajulu said the 12th batch of graduates included six PhD candidates, 53 M Tech, 110 dual degree and 211 B Tech candidates. Up to 97% of graduates had been placed through on-campus recruitment with the highest salary being ₹32 lakh and an average of ₹10.06 lakh.

The institute had received ₹4.36 crore as a sponsored research grant and had filed 22 patents that year. S. Sadagopan, chairman of the board of governors, said that after two years, the institute held an in-person convocation.

He had a strong focus on computer science and the computerized design and manufacturing mandate by incorporating focus areas into various engineering programs.

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