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Economy: It Shapes Our Industry
It may be interesting to note that many people consider the Indian economy to be the sixth-largest economy in the world. There are many reasons as to why this growth is meant to be on the rise. Some of them are globalisation, a young population and less dependence.
The International Monetary Fund ranks India as 128th in considerations of GDP in purchasing power parity.
Although the Indian economy currently appears to be rising in the right direction, it has naturally slowed down (2017-2020) because of demonetisation, COVID-19 and other factors. Despite all of this, economic factors do shape our industries and one can see a rise in many fronts: automobile, healthcare and even design.
From the 1st century to the 17th century, the Indian economy was largely stabilised and considered one of the largest economies in the world, contributing 35-40% to the world economy. In 1750, the Mughal Empire had a strong industrial manufacturing sector, with India contributing around 25% of the world’s industrial output. It was considered the most significant manufacturing hub in international commerce. Things changed after the British Period when the economy came down to 4.2%. Despite the changes, the nature of our economy has been one that has largely adjusted itself to flux and moved towards growing our industries once again.
Our is a mixed economy. It is owned by private businessmen, industrialists, and entrepreneurs on one side and the other part is managed by the government. It is hugely dependent on service and agriculture.
The various industries that contribute to the growth of our nation are complex and interconnected. The agriculture sector contributes 14% of the total GDP of India while the industrial sector contributes 27% of the total GDP of India. Following this, the service sector contributes 59%. This has endless sub-sectors that include tech, construction, banking, healthcare and others.
While the various industries are growing in the light of present developments– one must note that the engineering sector and the health sector are key factors of growth in our nation. Both engineers, nurses and doctors are forever in demand. Agriculture needs are something that has almost always been stable and the demand for it never drops.
To be part of this in-demand, competitive and extremely relevant industry an individual needs to have a quality education that clarifies concepts, is industry-relevant and academically aware of the nature of these industries. A renowned institution is key to these needs.
This course at Swarrnim introduces the disciplinary nature of agriculture and its wide range of applications. It provides the skills and technical knowledge to work in a multidisciplinary environment. Learning through research experience is crucial to this task. Carrying out primary research by working in a faculty member’s laboratory or through collaborative research projects on the very farm transforms the educational experience of an individual. Swarrnim Startup and Innovation University is also the first university in India that is dedicated to promoting startup and innovation. The university has an ecosystem in place where a student’s journey as an entrepreneur can become easy and smooth. The degree offered here has a wide range of applications providing the skills and technical knowledge to work in a multidisciplinary environment. But most importantly the agriculture degree pays special attention to learning through research experience. This is done by encouraging students to carry out primary research, either by working in a faculty member’s laboratory or through collaborative research projects on farms. This enables skill development which is crucial in the industry. Swarrnim Startup and Innovation University is also the first university in India dedicated to promoting startup and innovation for minds that look at agriculture differently.
Swarrnim School of Engineering follows a research-centric approach in their educational field. It has established the basics of a full-fledged tech institute complete with a strong faculty and up-to-date teaching methods. Swarrnim School of Engineering aims to grow in the global technological market, with a holistic approach and modern techniques such as research laboratories, workshops and internships. This is driven by faculty and industry professionals well known for their research contributions. Students are encouraged to take part in seminars, competitions and exhibitions in the field that they have chosen and are accompanied by faculty members on various field trips, site visits and industries to give them a guided tour. This gives them real-world experience. They are also motivated to interact with the professionals to understand the industry better. The resources they have include laboratories, libraries, and the Apple lab– all of which are technologically up-to-date and prepare them with the knowledge necessary for real-world competition.
The university chooses some special ways to hone the skills in the relevant fields. These include workshops, guest lectures, industry visits and industry meets. Furthermore, the Training and Placement Cell has started an online learning platform, known as ‘Swarrnim SkillX’. It ensures an end-to-end employability solution that enables students to identify changing skill requirements for various jobs and thereby grow industry-relevant skills resulting in an industry-ready talent pool. With the right education and exposure, graduates are rendered forever relevant and the future is endlessly promising.