It is encouraging to see that the Union Budget 2015 had a special focus on PM‘s ambitious Digital India initiative. The JAM trinity of Jan Dhan, Aadhaar, Mobile & GST can prove to be game changing reforms taking forward the financial inclusion programme and smoother, seamless transfer of subsidies to the intended beneficiaries.
The budget looks at not only creating new jobs, but also incentivising self employment and entrepreneurship. It will introduce more competition, innovation and bringing global expertise and technology giving a boost to the ‘Make in India’ programme.
Its success is inextricably dependent on creation of skilled workforce. The National Skills Mission will enable skill development across several sectors and will help bridge the skill gap and make workforce sustainably employable. Also, the removal of Special Additional Duty on IT products provides relief and addresses the issue of inverted duty structure.