Economic Growth Current Affairs - 2020
The GoI think tank NITI Aayog joined hands with the National Association of Software and Services (NASSCOM) and launched the Artificial Intelligence module for school students. The NITI Aayog is to be represented by Atal Innovation Mission of the think tank.
The Artificial Intelligence module is to be implemented in 5,000 Atal Tinkering labs and this is to empower 2.5 million students. NITI Aayog believes that India shall add 1.3% of its GDP if machine learning and Artificial Intelligence are developed.
It is expected that the global Artificial Market is likely to grow to the range of 15 to 15.5 trillion USD by 2030. Of this India is to certainly contribute 1 trillion USD. Therefore, its is important to prepare work power to sustain the growth of the field. If Indian work power is not being prepared to fill the future requirement, the spaces will be occupied by foreign nationals. This will create unemployment amongst Indian citizens and also push Indian economy backwards.
Tags: Artificial Intelligence • Atal Innovation Mission • Atal Tinkering Lab • Economic Growth • Employment generation
On February 24, 2020, the Union Minister Shri Ramesh Pokhriyal chaired a high-level meeting to review the progress of Institutes of Eminence.
The following decision were taken at the meeting
- The Institutes of Eminence shall invite professors and foreign faculties in order to deepen interface between the institutes in the country and other recognized institutes
- The Institute of Eminence are to be given open access to research journals
- The institutes shall adopt model villages under Unnat Bharat Scheme.
Unnat Bharat Scheme
Unnat Bharat Scheme was launched to promote development in the rural areas. The scheme aims to address the increasing inequity in the rural areas due to ecological degradation.
It is important to focus on model villages under the scheme as 70% of the villages live in rural India. Though majority of the population lives in rural areas, their contribution towards GDP is only 17%. Therefore, it is important to bring up more such measures to increase their GDP contribution.
Tags: Economic Growth • Institutes of Eminence • Model Villages Program • Rural Development • Unnat Bharat Abhiyan