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Part III, Budget Analysis Series

India's Budget Blind Spot: Why We Are Funding Buildings But Losing The War For Future Skills

As the Union Budget approaches, the familiar applause lines are already being rehearsed. We will hear about "record allocations," "new campuses," and "hardware investments." And to be clear: these are genuine achievements. PM-SHRI Schools, the India AI Mission, IIT expansion, foreign university campuses, the hardware has been delivered. Phase 1 is largely complete. But Phase 2 (the software, skills, sovereignty, outcomes) remains unfunded. Beneath the applause lies a harder truth: India is winning the infrastructure battle but risks losing the capability war.

We have successfully built the Hardware of the economy, PM-SHRI Schools, IIT expansion, AI Mission, foreign university campuses, Dedicated Freight Corridors. The physical and digital backbone is delivered.

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