Education Budget 2022: What Education Sector Expects From Union Budget? Check Experts’ Reactions

Education Budget 2022: What Education Sector Expects From Union Budget? Check Experts’ Reactions

Check expectations from education sector

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New Delhi:

Education Budget 2022: Union Minister Nirmala Sitharaman will unveil the Budget 2022 on February 1. The experts in the education sector wished to see an increase in allocation in this year’s budget, with some changes in policies focusing on a longer term impact in the education sector.

Last year amid the Covid-19 pandemic situations, the budget in the education sector was slashed by 6 per cent- Rs 93,224 crore in 2021-22 from Rs 99,311 crore in 2020-21.

Union Budget 2022-23: Here Are The Expectations From Education Sector

Mr. Jai Decosta, Founder and CEO at K12 Techno Services Pvt. Ltd- “India ranks 62nd among the 104 countries as per the IMD survey in terms of total public expenditure on education per student and measures of the quality of education (pupil-teacher ratio) in primary and in secondary education. This is exactly what needs to be changed in the coming years. It is a wish among Edupreneurs that this year the allocation must be between 13 to 15 per cent as a substitute to the slashes done last year considering the situation has been better than the previous years.”

Ms. Surabhi Goel, CEO, Aditya Birla Education Academy- “The pandemic has resulted in a tremendous learning loss for students across the country. As children return back to school in phases, it is essential that the Government sets up programs to bridge this learning gap. One step in this process would be a robust program to train teachers on how they can work with students to bring them at par with the expected learning levels of their grade.”

Mr. Prateek Bhargava, Founder and CEO, Mindler- “In the budget 2022, I look forward to seeing a massive focus towards a robust and improved digital infrastructure. While the government has put a lot of emphasis and come up with various initiatives to help students and stakeholders, ensuring adoption will require a lot of focus on making these solutions accessible.”

Dishan Kamdar, Vice-Chancellor, FLAME University- “We hope that the budgetary allocation to the overall education sector will see an increase this year, as the last two years have severely impacted both institutions and students, with a shift to the online mode.”

Dr Silpi Sahoo, Chairperson, SAI International Education Group- “We expect to see an increase in the allocation of annual budget for education from 6% as done in 2021 which amount a total allocation of Rs. 93,223 crores, against Rs. 99,311 crores in the year before that. We are hoping for an increase of allocation of the annual education budget to 10%.”

Mr. Ashwani Awasthi, Managing Director, RICS School of Built Environment- “At the moment, a student education loan and a car loan have the same interest rate. There is a need for the government to subsidize student education loans to make it simpler for students to seek higher education.”

Mr. Aakash Chaudhry, Managing Director, Aakash Educational Services Limited- “Covid-19 adversely impacted the education system and forced an increase in the rate of school dropouts. The government should announce an attractive stimulus package and provisions for the education industry to bridge the glaring gap between urban and rural populations.”

Ruchir Arora, Co-Founder & CEO, CollegeDekho- “Many students in India don’t have access to a laptop or a stable internet connection. There needs to be a focus on ensuring that the required infrastructure is developed adequately and is available to everyone. However, on the bright side online education helps students gain admission across any college in the country which helps improve the GER.”

Nishant Agarwal, Founder, Proctur- “Although budget 2021 was adequate in light of the digital revolution, budget 2022 is predicted to be a more advanced and strong budget with appropriate tax incentives, a solid network infrastructure, and strict data protection regulations, which might alter the educational IT industry.”

Ms. Swati Ganguly, Co-Founder, Edufiq, EdTech- “The Union Budget 2022 should consider multifaceted improvements for this upcoming budget. Considering India in 2032, 10 years from today, the future of improved GDP depends on organically educating youth of today and Union budget 2022 can be a gatekeeper for this change.”

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