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Budget 2017: Crisis and opportunities in education sector

Budget 2017: Crisis and opportunities in education sector on Business Standard. The school education and literacy budget increased 3.2% in 2016-17

JessicaDsilva
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Budget 2017: Crisis and opportunities in education sector

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  1. Budget 2017: Crisis and opportunities in education sector The school education and literacy budget increased 3.2% in 2016-17 Budget 2017: Crisis and opportunities in education sector on Business Standard. The school education and literacy budget increased 3.2% in 2016-17

  2. Budget 2017:The 2017-18 budget is an opportunity for the government to concentrate on improving school education for over 260.5 million children who enrolled in elementary and secondary school in 2015-16–children who will form the core of India’s working-age population, one billion by 2030, the largest in the world. “Business as usual” will not solve the problem, submitted Pratham, an education nonprofit, in a pre-budget consultation with India’s finance ministry. “Unless major shifts are undertaken on an urgent basis to build children’s foundational skills, we are losing huge opportunities each year for improving the life chances of an entire generation of children and youth in this country,” the consultation note added. Higher education dominated last year’s education budget (with an increase of 13% over the 2015-16 budget) and the conversation about education–with policies for improving the quality and ranking of higher education, creation of a higher-education financing agency, and approval of new higher-education institutes–even though only 34.2 million enrolled in higher education institutions in 2014-15 or, a seventh or fewer than those enrolled in school. In contrast, the school education and literacy budget increased 3.2% in 2016- 17, compared to 2015-16 revised budget estimates, according to union budget data. Over the financial year 2016-17, the central government allocated Rs 43,554 crore to school education and literacy, and Rs 28,840 crore to higher education. • Low school outcomes result in a less-productive workforce • 2017-18 budget should focus on improving school outcomes • India’s education spending lower than other BRICS countries

  3. Total central government education spending in 2016-17 on school education made up 2.68% of India’s gross domestic product, according to calculations by the New Delhi-based Centre for Budget and Governance Accountability (CBGA), a budget research and advocacy organisation. In 2015-16, Indian central government spending on school and higher education was less than other BRICS countries–India spent 3% of its gross domestic product (GDP) on education, compared to 3.8% in Russia, 4.2% in China, 5.2% in Brazil, and 6.9% in South Africa, according to 2016 data from India’s Ministry of Statistics and Programme Implementation. “There is an urgent need to increase financial resources” for school education, said Protiva Kundu, lead researcher at CBGA. Based on an analysis of 10 state education budgets, she said education is not a priority for all states. This 2017-18 central education budget might be 10%-12% more than last year’s budget, according to a January 2017 report in Livemint. Read Article Source>>>

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