What-Isn-t-There-For-Education-Sector-In-Budget

By - 15 February 2020

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15 February 2020

Increasing the budget outlay is a positive move but research has shown that quantity itself is not enough and that quality of education matters even more for economic growth.

The budget comes with a 99,300 crore outlay for education which is certainly an important step. FDI has also been permitted in the education sector. These initiatives will bring much needed additional financial resources in the education sector. The Indian government has traditionally spent far less money on education (in terms of per cent of GDP) than countries like Brazil, China and Russia. Quantitatively speaking, with this budget we have taken a step forward.

Increasing the budget outlay is a positive move but research has shown that quantity itself is not enough. According to a World Bank report on ‘Education Quality and Economic Growth’, the quality of education directly influences individual’s earnings. The report also states that higher investment doesn’t necessarily lead to higher quality, and that quality of education matters even more for economic growth.

Increasing the budget outlay is a positive move but research has shown that quantity itself is not enough. According to a World Bank report on ‘Education Quality and Economic Growth’, the quality of education directly influences individual’s earnings. The report also states that higher investment doesn’t necessarily lead to higher quality, and that quality of education matters even more for economic growth.

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