The direct wage support is expected to boost youth employment, enhance job stability, and accelerate India’s transition towards a more prosperous, self-reliant economy.
In his 79th Independence Day address, Prime Minister Narendra Modi unveiled a series of youth and employment-focused initiatives, with a strong emphasis on skill development, innovation, and self-reliance across key sectors.
The centrepiece of his announcements was the launch of the ₹1 lakh crore PM Viksit Bharat Rozgar Yojana, aimed at generating employment for 3 crore young Indians. Under the scheme, newly employed youth will receive ₹15,000 per month, a move the Prime Minister said would “strengthen the bridge from Swatantra Bharat to Samriddha Bharat.”
Calling on young innovators to take up national challenges, PM Modi urged scientists, engineers, and entrepreneurs to develop Made-in-India jet engines, likening the mission to India’s indigenous COVID-19 vaccine success and the creation of the UPI digital payments system. He also announced that India will launch its first Made-in-India semiconductor chips by the end of 2025, opening opportunities for careers in AI, cybersecurity, deep-tech, and operating system development.
Highlighting India’s growing private sector role in space, PM Modi noted that over 300 startups are actively working in satellite and exploration technologies, with plans for India’s own space station. He stressed that this innovation ecosystem will provide new opportunities for highly skilled youth in research, engineering, and entrepreneurship.
The Prime Minister linked self-reliance in energy, defence, and digital infrastructure directly to future employment prospects. With India meeting its 50% clean energy target five years ahead of schedule, he said the expansion of nuclear power, solar, and hydrogen energy will boost green jobs. He also encouraged young developers to create indigenous social media platforms and secure digital ecosystems to ensure “digital sovereignty.”
On the reform front, PM Modi announced Next-Generation GST reforms by Diwali to lower taxes on daily-use items, alongside a Task Force for Next-Generation Reforms to simplify laws, cut compliance costs, and create a more entrepreneur-friendly environment — particularly benefiting startups, MSMEs, and job creators. He said over 40,000 compliances had already been scrapped and 1,500 outdated laws repealed to improve ease of doing business.
Urging India’s youth to take pride in Vocal for Local and contribute to the nation’s growth through innovation and skill-building, PM Modi said, “This is the time to extend our own line of progress, not just measure others’.”
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