Union Budget 2019: How it benefits in the Indian education sector.

Union Budget 2019: How it benefits in the Indian education sector.

The Union Budget 2019 presented has the capability to revitalize the education sector, commented experts from Indian academic and Edu-tech communities. Though the proposals saw mixed responses from the education sector, according to an expert for Kerala University, the decision to treat education holistically is a welcome move and will lend greater synergy in planning and execution of important schemes and programs.

Finance Minister has highlighted measures including a new Nation based Education Policy, National Research Foundation and Study in India in her Budget speech.

“Largely, when it comes to the education sector, especially the higher and professional education, the proposals presented today are inspirational and a vision based. Finance Minister Nirmala Sitaraman, with this Budget, implements National Education Policy recommendations with a feedback collection and with a new strong educational Policy.

NRF, which was mentioned in the Draft policy, has now been proposed to be implemented and the body will fund, coordinate and promote research-related activities in the country”.

Dr. Sujatha, H.R, Director, Luna- School of Art and Management.

“The Government’s initiative in bringing in the New National Education Policy in the near future is a  positive and welcome step. There is need for Better Governance framework within the Indian education sector and the government’s new steps like bringing reforms in the Higher Education Regulatory Arms to promote greater autonomy and focus on better academic outcomes and the allotment of Rs.400-crore for “World Class Education Institutions” step in the right direction to build a robust education system; and the Indian Education Industry look forward to the legislation to set up the Higher Education Commission of India.

However, this right intent of the Finance Minister Nirmala Sitaraman can truly be attained if we also have a long-term strategy and organizational structure in place.

Raj Kumar, MD, University Toppers.

“Though it is commendable that the Finance Minister had the vision to place more Indian institutes in the ranking of top 200 world university rankings, but it should have allocated funds to upgrade the technology in the Indian education sector.

Expectations are high, and the education industry was expecting some major announcements, in line with other critical sectors like agriculture, water management, MSME sectors which were the focus of today’s budget. It seemed that the education sector was again kept on the back burner.

Srini Raghavan, Founder and CEO, EI

“Two significant initiatives, National Education Policy, and the Union Budget coinciding this year is an ideal opportunity for the Indian education sector. The education industry welcomes the government’s proposal of setting up the National Research Foundation to improve the quality of research across all levels of private and public educational institutes. I believe it can be a game changer. However, there is a need for a higher focus on K 12 education”.

Gaurav Srivastava, Regional Director, South Asia, GMAC

“It’s nice to hear that the government is keen to make India an international hub for education. We have been running a ‘Grow with University’ campaign for the last five years in association with some of India’s leading business schools and universities to help them with their recruitment efforts in getting international candidates in the classroom who bring with them diversity and a rich perspective of what is happening in other economies”.

Hussain Zakkir, A education consultant.

“We expected a larger focus on education for school-going children in rural villages. Today, India has almost 251 million children in that age group but very few have access to good quality education since it is limited to certain pockets of India”.

“Improving and upgrading our higher education institutes is also required, but at the same time, we need to ensure that our village children have access to well-trained teachers, infrastructure, and resources from the very beginning”.

Ram Mohan, Manager, International Study Center.

Finance Minister Nirmala Sitaraman proposed a range of major changes for India’s education system in the new budget and laid emphasis on the importance of not only providing literacy but improving the quality of education. The government decided to set up a National Research Foundation to fund and coordinate research in India is welcome. The allotment of 400 core to develop world-class institutions is to be highly appreciated. This is a balanced budget as far as the education sector is concerned.

Amol Arora, MD – Shemrock & Shemford Group of Schools

“New budget is guided by the mission to strengthen the Indian Education Sector especially the establishment of the ‘National Research Foundation’-which will surely help in creating the right ecosystem for Research and Development in the country. However, we still need a series of fundamental structural reforms for rural education- which I hope will be addressed in the near future”.

Bahulayen, an International education consultant.

“Budget 2019 has proposed significant changes which have the capability to revitalize the Indian education sector. Apart from focusing on improving research and higher education via the National Research Foundation, it has promoted play-based early childhood education and high-quality teacher training via the new National Education Policy”.

Pankaj Muthe, Program Manager, Academic Program, APAC, Qlik

Image credits: Times of India

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