We welcome the sizable budgetary allocation for the education sector in the Union Budget that reflects government’s commitment to the sector.
The budget promises to start a school assessment programme and aims to infuse new training tools and initiatives to motivate teachers. This is a step in the right direction as the lack of trained teachers is a big hurdle in improving education outcomes. As an organisation, committed to the concept of Efficacy in education, it is reassuring to hear about the greater involvement of Government on improving the quality of education and making it more learner and outcome focused.
Tackling the issue of lack of funds that leads to a large number of people opting out of Higher education, the Finance Minister’s loan scheme could play a key role in giving it the right momentum and contribute to a healthier Gross enrollment ratio. The setting up of new IITs and IIMs will help meet the new and emerging needs of the economy.
The Union budget also reinforces Government’s commitment to Skill India as the launch of National Skills Mission and allocation of funds for schemes that enhances employability of youth holds the key to unlock India’s demographic dividend. The budget however lacks clarity on the question of private investment in education and doesn’t provide fiscal incentives to attract private sector investment in education sector.