Education Budget 2022: Here's What Experts Demand, From Stronger Digital Infrastructure To Better Education Financing — The Second Angle (2024)

Nirmala Sitharaman, Union Finance Minister, will make her fourth budget address on February 1 at 11 a.m. While India is fighting the third wave of Covid-19, the Union Budget will be announced. The first half of the Budget session will be held from February 2 to 11, with the second part taking place from March 14 to April 8.

The Budget session will begin on January 31 with President Ram Nath Kovind addressing both Houses of Parliament, followed by Sitharaman’s presentation of the Economic Survey. Budget 2022 will be paperless, as it has been in the past.

Education Budget 2022: Here's What Experts Demand, From Stronger Digital Infrastructure To Better Education Financing — The Second Angle (1)

The Education Budget 2022 is keenly expected since global education has never been so disturbed owing to Covid-19 in contemporary history.

During this time, about 1.5 million schools and 1.4 million ECD/Anganwadi centres were shuttered. According to a survey conducted by UNICEF, approximately 247 million children were unable to attend school for more than a year as a result.

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Table of Contents

  • Here are the experts' pre-Budget education expectations for this year.
    • Increased budgetary support for education
    • KIIT International School Chairperson Dr Mona Lisa Bal:
    • Naman Jain, Education Expert and Director of Ghaziabad's Silverline Prestige School:
    • Improved digital infrastructure
    • Dhuwarakha Sriram, UNICEF's Director of Generation Unlimited (YuWaah) and Youth Development and Partnerships:
    • Nikhil Barshikar, Founder and Managing Director of Imarticus Learning:
    • Nitin Vijay, Founder, and Managing Director of Motion Education in Kota, Rajasthan:
    • Tinkerly Co-Founder Sharad Bansal:
    • STEMROBO Technologies Co-Founder Rajeev Tiwari:
    • Avinash Kumar, Credenc's Founder:
    • Vaibhav Singh, Leap Scholar Co-Founder:
    • GST reduction for educational technology
    • byteXL CEO and Co-Founder Karun Tadepalli:
    • Clever Harvey co-founder Madhu Agrawal:
    • Teacher education
    • Masai School co-founder and CEO Prateek Shukla:
    • Job creation and skill development
    • BridgeLabz Founder Narayan Mahadevan:
    • Nitin Vijay, Founder, and Managing Director of Motion Education in Kota, Rajasthan:
    • Increasing Gross Enrollment Ratio
    • KLAY CEO AK Srikanth:
    • Lower interest rates on education loans
    • The Design Village Noida's Founder and Design Dean, Sourabh Gupta
    • Improved research and development capabilities
    • Public-Private Partnerships

Here are the experts’ pre-Budget education expectations for this year.

Increased budgetary support for education

Last year, the education budget allocation was Rs. 93,223 crores, a 6% decrease from the previous year. This year’s top request from education experts is for an increase in the total budget.

KIIT International School Chairperson Dr Mona Lisa Bal:

Education Budget 2022: Here's What Experts Demand, From Stronger Digital Infrastructure To Better Education Financing — The Second Angle (4)

Budgetary provisions must be made to expedite the implementation of NEP 2020, which has the potential to transform our education system. Education should get between 6 and 10% of GDP.

Naman Jain, Education Expert and Director of Ghaziabad’s Silverline Prestige School:

The National Education Policy 2020 (NEP 2020) highlights the need of allocating at least 6% of the entire budget to education, including financial assistance for important components of education such as the availability of appropriate instructors, teacher training, and so on.

Improved digital infrastructure

Covid-19 showed to India how severe our country’s digital gap is, and how urgently we must address it. Millions of people were unable to attend school and lacked access to mobile phones, laptop computers, or consistent internet connectivity to complete their online education.

While hundreds of isolated and rural schools remained closed due to a lack of resources and the Covid-19 safety rules, many students trekked through forests, climbed mountains, and waited on the side of the road to gain internet connection on cell phones.

Dhuwarakha Sriram, UNICEF’s Director of Generation Unlimited (YuWaah) and Youth Development and Partnerships:

Education Budget 2022: Here's What Experts Demand, From Stronger Digital Infrastructure To Better Education Financing — The Second Angle (5)

In rural regions, about 4% of our population has access to computers, compared to 23% in metropolitan areas (Source: 2020 NSO Report on Education).

As a result of the pandemic’s increased pace of technological advancement and rapid shift to online learning, addressing digital inequality and assisting young people in gaining relevant skills for today’s job market, as well as youth entrepreneurship opportunities, should be top priorities for the upcoming Union Budget 2022.

Nikhil Barshikar, Founder and Managing Director of Imarticus Learning:

There is a significant increase in the number of students enrolling in e-learning courses, particularly in tier II towns; the problem is in developing a robust digital infrastructure for such locations.

Many Indian students do not have access to a laptop or a reliable internet connection. There must be an emphasis on ensuring that the necessary infrastructure is appropriately created and accessible to everybody.

Nitin Vijay, Founder, and Managing Director of Motion Education in Kota, Rajasthan:

Education Budget 2022: Here's What Experts Demand, From Stronger Digital Infrastructure To Better Education Financing — The Second Angle (6)

Today, increased internet penetration has enabled institutions to bring classes to the most remote parts of the country, therefore assisting the impoverished.

To overcome the digital gap, infrastructure enabling greater connectivity and access to mobile devices or computers is urgently needed.

Tinkerly Co-Founder Sharad Bansal:

We witnessed a demand-supply mismatch as a result of Covid-19, and it is critical to bridge the gap by providing internet access, improved infrastructure in tier 3 and tier 4 cities, and implementing programmes such as One Student One Laptop. Scholarships should be granted for great achievements.

STEMROBO Technologies Co-Founder Rajeev Tiwari:

The emphasis should be on programmes to strengthen internet connectivity infrastructure across the country, including providing last-mile connectivity, low-cost 5G devices, and, most importantly, aiding e-learning players with a sound e-learning infrastructure.

Avinash Kumar, Credenc’s Founder:

Education Budget 2022: Here's What Experts Demand, From Stronger Digital Infrastructure To Better Education Financing — The Second Angle (7)

With a significant transition to virtual or online education models, guaranteeing access to better technology and enhanced e-Learning infrastructure should be addressed in order to bridge the digital gap in smaller towns and cities.

Overall, we expect that the government softens the rules governing education infrastructure loans and widens the income tax provision under Section 80C for deducting educational costs.

Vaibhav Singh, Leap Scholar Co-Founder:

The budget for 2022 is planned to place a larger emphasis on the ed-tech industry as a whole, with major expenditures to expand access to robust and enhanced digital infrastructure.

GST reduction for educational technology

Education Budget 2022: Here's What Experts Demand, From Stronger Digital Infrastructure To Better Education Financing — The Second Angle (8)

The epidemic has transformed the way India studies, and while ed-tech businesses were steadily gaining traction even before Covid-19, they are now a crucial aspect of education and skill development. As a result, there is a need to reduce the GST on ed-tech platforms.

byteXL CEO and Co-Founder Karun Tadepalli:

Subscriptions to EdTech platforms now carry an 18% GST. In this Union Budget, the government must relieve the burden of excessive taxes by eliminating GST on e-learning.

Clever Harvey co-founder Madhu Agrawal:

Education Budget 2022: Here's What Experts Demand, From Stronger Digital Infrastructure To Better Education Financing — The Second Angle (9)

The discrepancy in the GST treatment of print educational solutions vs digital educational solutions is a major source of worry about all ed-tech organizations. A textbook, for example, is subject to a 5% GST, but the identical book in an online version is subject to an 18% GST.

Teacher education

The epidemic has compelled Indian instructors to quickly adapt to digital instructional approaches. However, we must now develop stronger teacher training programmes to ensure that teachers are familiar with the numerous technologies accessible in the education industry.

Masai School co-founder and CEO Prateek Shukla:

Education Budget 2022: Here's What Experts Demand, From Stronger Digital Infrastructure To Better Education Financing — The Second Angle (10)

Our instructional techniques have not developed to meet the demands of digital media. I don’t believe that writing on a blackboard on a little smartphone screen is the ideal approach for our children to learn.

We need to connect them to the internet and create materials for teachers to effectively educate over the phone.

Job creation and skill development

The epidemic had a negative impact on employment, and skill development is today more popular than ever.

Not only must we bridge the digital gap, but we must also ensure that students and young professionals in rural places, as well as Tier 2 and Tier 3 cities, have subsidized access to online learning platforms so that they may develop the skills required for future jobs.

BridgeLabz Founder Narayan Mahadevan:

The government should recognize and encourage businesses to not just focus on talent development but also to ensure job security.

We would also like the government to designate Skill-to-Job as a distinct category and to promote start-ups with programmes or tax breaks to employ such recent graduates, as the Singapore government has done.

Nitin Vijay, Founder, and Managing Director of Motion Education in Kota, Rajasthan:

We anticipate that the government will make statements encouraging online learning, particularly models focusing on the acquisition of new-age skills and employment.

We live in a digital age, and learning models that focus on ideas such as AI, VR, and machine learning should continue to be prioritized.

Increasing Gross Enrollment Ratio

The epidemic has resulted in a significant learning gap and a high number of dropouts. The Education Budget must address this issue so that India may be well on its way to meeting the NEP’s aim of 50% GER.

KLAY CEO AK Srikanth:

Education Budget 2022: Here's What Experts Demand, From Stronger Digital Infrastructure To Better Education Financing — The Second Angle (11)

The pandemic has had a negative impact on the Gross Enrolment Ratio, which was hovering around 27 per cent in 2018-19.

To achieve 50 per cent by 2030, we must speed and compensate for the lost years caused by the epidemic.

Lower interest rates on education loans

Experts are pushing for different subsidies and scholarships as a result of the tremendous financial impact to the ordinary man caused by the epidemic, which has a knock-on effect on how many parents can afford to contribute to their children in the field of education.

The Design Village Noida’s Founder and Design Dean, Sourabh Gupta

Education Budget 2022: Here's What Experts Demand, From Stronger Digital Infrastructure To Better Education Financing — The Second Angle (12)

The finance ministry, in collaboration with state governments, should consider measures that would provide scholarships and flexible, low-interest education loans to students whose families have been affected.

Improved research and development capabilities

In comparison to leading institutions throughout the world, India’s research facilities are lacking. More funding is required in this field so that Indian invention may serve as a catalyst for change and growth in the country.

Public-Private Partnerships

The Covid-19 epidemic has clearly demonstrated the necessity of private players, particularly in today’s digitized education and learning sectors. It is past time to use public-private partnerships to enhance student learning and teacher training.

While the aforementioned are the primary elements that education experts in India hope to see in the Education Budget 2022, here are a few others:

  • Mental health counselling should be made mandatory for students, particularly to combat the negative effects of Covid-19.
  • Scientific career assistance at schools and institutions so that both students and parents comprehend the plethora of new job possibilities that have become available.
  • GST exemption for book publishers and digital gadgets used by students and teachers
  • A tight oversight of the burgeoning ed-tech sector, since many organizations, are selling credentials with little to no commercial value; prohibition of courses becoming trendy

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Education Budget 2022: Here's What Experts Demand, From Stronger Digital Infrastructure To Better Education Financing — The Second Angle (2024)

FAQs

What does the US Department of Education spend money on? ›

While investing in all areas of education, the Budget emphasizes three in particular: (1) increasing equity and excellence; (2) providing support for teachers and school leaders; and (3) promoting access, affordability, and completion in higher education.

How much does the US spend on education in 2024? ›

The Governor's budget includes $21.7 billion in General Fund support for higher education in 2024-25—an increase of $226 million (1.1 percent) from 2023-24. Nearly all of the new discretionary spending is for the California Community Colleges (CCC).

What is the budget allocation for higher education in India? ›

NEW DELHI: In a commitment to prioritize higher education, an allocation of Rs 47,619 crores from the budget has been made to Higher Education under the Ministry of Education, representing a significant increase of 8 percent over last year's budget.

What is the budget for education in India 2024? ›

By India Today Research Bureau

At the beginning of her speech, the finance minister announced that the allocation for education, employment and skilling was Rs 1.48 lakh—a look at the finance ministry's 'Key Features' document makes it clear that of this, Rs 1.25 lakh crore is the provision for education alone.

Where does the United States rank in education? ›

The IMD World Competitiveness Center reports that the U.S. ranked 12th in its 2024 Competitiveness Report after ranking first in 2018.

Which country spends the most on education? ›

Norway reported the highest total expenditures on education institutions as a percentage of GDP (6.6 percent), followed by Chile (6.5 percent), Israel (6.2 percent), Australia (6.1 percent), and the United Kingdom and the United States (both 6.0 percent).

What state spends the least on education? ›

Among the 41 states with reported data, New York schools led the nation in per-pupil spending in 2021 and 2022, spending $26,571 in 2021 and $27,504 in 2022. Idaho spent the least, with $9,053 in 2021 and $9,670 in 2022, respectively. This data will be updated to include all states in spring 2024.

What states are ranked by education funding? ›

The states spending the most per pupil were New York ($29,873), the District of Columbia ($27,425), New Jersey ($25,099), Vermont ($24,608), and Connecticut ($24,453). The states spending the least per pupil were Utah ($9,552), Idaho ($9,670), Arizona ($10,315), Oklahoma ($10,890), and Mississippi ($10,984).

How much of usa GDP goes to education? ›

Expenditure on Education as a % of GDP in the United States (2010 - 2020, %) The expenditure on education as a % of GDP in the US was 6.4% in 2020, an increase of 3.8% from the previous year. Between 2010-2020, the expenditure on education as a % of GDP in the United States decreased by 16.7%.

How much money does China spend on education? ›

In 2023, public spending on education in China reached 4.12 trillion yuan. Education expenditure increased continuously over recent years, but growth rates are considerably lower than ten years ago.

What percentage of up budget is education? ›

While infrastructure development gets ₹16,94,46.60 crore or 25 per cent of the total budget size, ₹1,03,494.81 crore (17 percent of the budget) has been earmarked for education including primary, secondary, higher and technical education.

What is the use of ICT for effective teaching and learning? ›

ICT in education can be used as a tool to:

range of information and techniques to support critical thinking. Allow the learner to identify and select the most useful sources of information. Enable the learner to review, refine, redraft and modify work in progress.

What is the US budget for education? ›

Federal, state, and local governments provide $878.2 billion or $17,700 per pupil to fund K-12 public education. The difference between spending and funding is $21.0 billion or $420 per pupil. The federal government provides 13.6% of funding for public K-12 education.

How much of GDP is spent on education in Japan? ›

Japan Education Spending 1960-2024
Japan Education Spending - Historical Data
YearEducation Spending (% of GDP)Annual Change
20220.00%-7.43%
20217.43%0.14%
20207.29%-0.85%
60 more rows

What is the budget of up in 2024? ›

Total expenditure (excluding debt repayment) in 2024-25 is targeted at Rs 6,96,632 crore. This is an increase of 14% over the revised estimate of 2023-24. This expenditure is proposed to be met through receipts (excluding borrowings) of Rs 6,10,101 crore and net borrowings of Rs 71,427 crore.

What does the U.S. spend the most money on? ›

Spending Categories
  • 22 % Social Security.
  • 14 % Net Interest.
  • 13 % Health.
  • 13 % National Defense.
  • 13 % Medicare.
  • 10 % Income Security.
  • 5 % Veterans Benefits and Services.
  • 5 % Education, Training, Employment, and Social Services.

What is the annual budget of the DOE? ›

DOE proposes $51.99 billion in budget authority for FY 2024, a $6.2 billion, or 13.6 percent, increase from the FY 2023 Enacted Level.

What do schools spend most of their money on? ›

Instruction: Teachers' salaries and benefits are generally the most expensive elements of a school, and schools typically use most of their budgets to cover these costs. Operation and Maintenance: A school cannot function if its physical plant is in poor repair.

How much does the U.S. spend per student on education? ›

APRIL 25, 2024 – Nationally, public school spending per student rose 8.9% from $14,358 in FY 2021 to $15,633 in FY 2022, according to new data from the 2022 Annual Survey of School System Finances released today by the U.S. Census Bureau.

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