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THEME PAPER
Frank, 2023). The growing that fosters job creation, is expected that PYB would
requirements of housing and economic inclusivity, social result in more equitable
infrastructure facilities in equity and technological public spending, greater
view of the increasing urban advancements. Various government transparency
population with projected governmental programmes and accountability, increased
housing requirement of 230 for encouraging a culture of levels of public participation,
million units and real estate innovation and providing and democratic and universal
market size of USD 5.8 trillion incubation support would learning.
by 2047 as well as staggering pave way for unleashing
investment of approximately latent entrepreneurial spirit The Participatory Budgeting
840 million USD in of our youth. As our father of (PB) is a process of democratic
infrastructure between 2024 the nation Mahatma Gandhi deliberation and decision
and 2036,call for innovative said, “Be the change you want making, and a type of
thinking and participation to see in the world,” the youth participatory democracy,
by the youths to meet the have the potential that inspire in which ordinary people
challenges. As housing and transformative actions and decide how to allocate part
infrastructure sectors have bridge the gap between intent of a municipal or public
strong employment and and impact. budget. In a PBY, initiatives
income multiplier impacts are proposed by a special
through their inter-industry A Framework for category of young people.
linkages, skill development Assimilating Youth into Decision makers themselves
of youth and startups are the Urban Transformation can optionally come from
two crucial measures that Harnessing the potential only a special age category,
would make real impact in of India’s youth for Viksit such as young people, or
growth, employment, and Bharat vision requires a special category among
livelihood opportunities. sincere, participatory and young people. To successfully
implement
Participatory
approach
Digital Technology, collaborative government, Budgeting for Youth (PBY)
involving
Entrepreneurship, and private sector, academics, in India, a structured and
Innovation: R&D Institutions and civil scalable framework is
required, the steps of which
In this age of digital revolution, society organizations to equip are discussed below:
the youth can contribute to the youth with necessary
the cause of Viksit Bharat skills, tools and finance. In this a. Identifying Key Areas:
significantly, through their context, this paper proposes • Pilot in Tier 1 Cities:
unparalleled access to a framework supporting the Begin with major cities
information and technology active participation of young like Delhi, Mumbai,
by influencing policy people at the grassroots level Bengaluru, and
decisions, raising awareness in improving the quality of
about various programmes & life in cities and metropolitan Hyderabad, which have
the necessary resources,
issues through social media areas. Taking inspiration from urban challenges, and a
and mobilising communities previously successful projects large youth population
towards a shared vision. in other countries such as to launch impactful PBY
At the same time, they can USA and Brazil (COM’ON
be effective entrepreneurs EUROPE, 2019), the paper projects.
through creation of a propose a ‘Participatory • Alongside Tier 1 cities,
vibrant startup ecosystem Budget for Youth’ (PYD) It select smaller, rapidly
24 HUDCO-HSMI Publication
