Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

Budget 2020 will allow India to create quality skill development, says Manit Parikh, Country Head India, ELSA Corp 

budget 2020
For India to have a $5 trillion economy, the youth have a key role to play in enabling this goal. The advantage of the ‘youth dividend’ needs to be channelised and enabled to put the country on the global map, writes Manit ParikhCountry Head IndiaELSA Corp  (English Language Speech Assistant Corporation).

“There is a huge demand for Indians internationally as well. However, the skills do not match in accordance to demand by employers. So, by the government proposal of Rs 3,000 crore it allows the country to create quality skill development which will be available at affordable cost, focusing on 5 key components that are Visual, Reading, Listening, Speaking and Thinking among others are very important, especially via the use of emerging technologies such as Artificial Intelligence (AI), Augmented Reality (AR) / Virtual Reality (VR) and more,” says Parikh, commenting on the Budget announcements.

“There have been many Ed-Tech companies in India like BYJUs, ELSA Speak and more who are at the forefront of this by engaging with both youth and adults in Tier 1 cities and beyond to empower and uplift them to have jobs and move away from ones which may soon become obsolete,” he says.

Advertisementgreylabs
About ELSA:
ELSA Corp is an Edu-Tech headquartered in the US with tech offices in India, Portugal and Vietnam.
A team of speech recognition scientists and linguistic experts came together to create ELSA (English Language Speech Assistant), the world’s smartest A.I. Assistant for pronunciation training and accent reduction.
ELSA Speak is a personal virtual pronunciation coach. ELSA can listen to you speak English, pick out the exact errors as you speak at an individual sound level or intonation, rhythm, and pitch. ELSA will then give you instant feedback and recommendation on how to fix those errors. The feedback is fully automated using a proprietary speech recognition technology based on a deep-learning algorithm.

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.

Our Coverage of News

Balaji Sriram Appointed Head – Product & Marketing at Jio Payments Bank

Jio Payments Bank has appointed Balaji Sriram as Head – Product & Marketing, bringing extensive experience across banking,… Read more →

Novus Loyalty Enables CENT Rewardz Redemption on Delhi Metro Sarthi and IRCTC

Mumbai, September 10, 2026: Novus Loyalty Limited has announced the launch of CENT Rewardz redemption on the Delhi… Read more →

InvestYadnya.in Appoints Former Accenture MD Sriram Kannan as COO

Investment advisory and wealth management platform InvestYadnya.in has appointed Sriram Kannan, former Managing Director at Accenture, as its… Read more →

Canara Bank Reportedly Invests Over ₹50 Crore in DPDPA Compliance Initiative

New Delhi, September 9, 2026: Canara Bank has reportedly committed more than ₹50 crore towards compliance with India’s… Read more →

PB Fintech’s PB Pay Goes Live to Offer Unified Payment Solutions for Indian Merchants

Gurugram, September 7, 2026: PB Pay, the Payment Aggregator platform of PB Fintech Limited, has commenced operations and… Read more →

Navana.ai Raises ₹40 Crore in Series A to Expand Voice AI Across BFSI

Bengaluru, September 7, 2026: Voice AI startup Navana.ai has raised ₹40 crore ($4.2 million) in a Series A… Read more →