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 reactions from the Union Budget 2024.
“I’m glad to see that the allocation for education has gone up by over 10% compared to last year. While we’re still short of the 6% allocation from the overall budget that most OECD countries adhere to and has been recommended by the New Education Policy, it certainly is a step in the right direction. It is interesting to see that skilling of young students and ensuring that they are future-ready and employable is clearly a major consideration within the new policies and schemes that have been announced. I believe this is very important to secure the futures of our more vulnerable students and youth, and I have hope that in subsequent years, we will see a greater focus on skill-based practical education in schools across state boards. I’m also particularly keen to see how the programme to offer one crore internships within top companies shapes up – it could truly pave the way for strong public-private partnerships and provide policy-makers with vital information on what industry-ready skills need to be focussed on in the coming years.”
