While presenting the interim budget on February 1, 2024, Finance Minister Nirmala Sitharaman had stated that, “In the full budget in July, our Government will present a detailed roadmap for our pursuit of ‘Viksit Bharat’.” If India does aim to become a developed country by 2047 as per Prime Minister Narendra Modi’s vision of Viksit Bharat, the Union Budget 2024 which will be presented on July 23 must prioritise the education of children, who are the future of the country. Read on to find out what experts from the education sector shared with us at Brainfeed about their expectations from the Union Budget 2024.
“The substantial allocation of Rs 1.48 lakh crore for education, employment, and skilling underscores the government’s commitment to human capital development. The Prime Minister’s ambitious plan to skill and employ millions of youth is particularly encouraging.
As a trusted leader in research and learning, we applaud the emphasis on R&D and innovation. The operationalization of the Anusandhan fund is a step in the right direction. We believe that increasing public investment in R&D, coupled with private sector engagement, is essential for India to become a global knowledge and innovation hub.
To fully realize this potential, sustained focus on raising India’s R&D expenditure to global benchmarks is crucial. This will foster a culture of research, innovation, and entrepreneurship. We are optimistic about the budget’s potential to drive India’s progress and look forward to contributing to this journey.”