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Union Budget 2019-2020 presented by Nirmala Sitharaman takes on Education Sector

Union-BUDGET-2019

The allocation for education for 2019-2020 will be more than three times the revised estimates as announced by the Finance Minister Nirmala Sitharaman during her budget speech. It saw a mixed response from various experts and sectors.

With an increase of ₹10,000 crore, the total allocation for education in 2019-20 is ₹94,853.64 crore. The school sector got ₹56, 536.63 crores and rest ₹38,317.01 crore has been allocated to the higher education.

The proposals saw mixed responses from the education sector.

Samir Somaiya, President, Somaiya Vidyavihar

We applaud the FM’s vision to see more Indian Education institutions figure in the top 200 of the world. We also appreciate her focus on having India become a hub for international students.  At Somaiya Vidyavihar, we already welcome foreign students and are dreaming of creating a world-class University, that lives up to her expectations.

Amreesh Chandra, Sterling Media Team

Turning India into an education attraction on the international market will systematically help India tackle the age-old problem of brain-drain. As major foreign education destinations like the US and the UK are slowly losing their charm due to their tight immigration laws, lack of job opportunities and reduction in working hours for students, they will have to take some important steps to preserve their demand. A sharp drop in Indian students moving abroad is already something the international universities have experienced.

The goal is not just to retain Indian students who are flocking abroad but also invite participation from the international student’s community who can explore India’s diverse culture and education.

Further our social adaptive fabric to multi-cultures India, position of brand India and the acceptance of English as a second language make us an attractive destination of education for all neighbouring countries. However, India needs to work on its regulations, funding for educational institutions to create adequate infrastructure for this.

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