NEW DELHI (ANP/BLOOMBERG/AFP) – Indian Prime Minister Narendra Modi wants more chip factories and nuclear power plants in the country. These are measures intended to further develop the Indian economy he stated in a speech during the independence celebrations. Modi also indirectly addressed the large protests against the limited economic opportunities for young people, which erupted following a scandal involving leaked exams. The head of government announced free education and exam training for millions of young people in India.
“The country will have eight additional chip factories in the coming seven to eight years,” said Modi. He added that India is aiming for five new nuclear reactors to ensure a more secure energy supply.
Young people in India have great potential, Modi continued. “We have decided to offer free online preparation courses for various exams. We have the necessary digital infrastructure and can rely on qualified teachers.”
India as a High-Income Country
India has set itself the goal of becoming a high-income country in 2047, one hundred years after independence from the British. This means that per capita prosperity must increase, with the government aiming for more high-quality jobs.
Recently, protests by the so-called Cockroach Janata Party (CJP) revolved precisely around dissatisfaction regarding the scarce opportunities for young people in India to find a good job. After weeks of unrest, the Minister of Education, who was the target of anger, resigned.
