[ad_1]
Budget 2025: Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025 in Parliament on February 1, following the tradition of recent years. As the announcement of the second full budget of the Modi 3.0 government approaches, it is time to look at the expectations of education sector stakeholders from the upcoming financial document that will govern the future of the country’s students.
In light of the announcement of Union Budget 2025, education sector received allocation Rs 73,498 crore in the financial year 2024-25, the highest ever for the Department of School Education and Literacy. Overall increase provided to Department of School Education and Literacy 12,024 crore (19.56%) in FY 2024-25.
Education sector’s expectations from Budget 2025
- Professor Ram Kumar Kakani, Director, IIM Raipur, said, “In examining the trajectory of the Indian higher education budget, we hope to achieve the historic target of allocating 6% of GDP to education recommended by the Kothari Commission in 1964-66. Will achieve.”
Since education is part of the concurrent list, the Center bears only one-fourth of the total government expenditure on education. total budget expenditure on Education The percentage of GDP is about 3.5%, with the remaining three-quarters coming from state governments. According to UNESCO, India allocates up to 4.6% of GDP on education.
Urging increased allocation for STEM-based research and micro-credential courses, the IIM Raipur official said, “We believe that putting IIMs at par with IITs in terms of government support will take away the valuable contributions of premier management institutes.” “Can get a lot of strength.”
- Highlighting the significant skill gap between educational attainment and employability, Dr. Prabina Rajib, Director, Birla Institute of Management Technology (BIMTECH) said, “Collaboration between government bodies And private institutions under the Public-Private Partnership (PPP) model are projected to promote digital learning infrastructure and enhance skill-based knowledge.
Seeking subsidies for international students wishing to pursue higher education in India, the BIMTECH official said on the “Education 4.0 revolution” by leveraging Fourth Industrial Revolution technologies to bridge learning and disparities in India and globally. More attention is needed.”
[ad_2]
