Budget Expectation Quotes by Education Industry

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Mr. Akshay Chaturvedi, Founder & CEO, Leverage Edu.

“In line with Prime Minister Narendra Modi’s continued commitment towards fostering startups in India, I & Leverage Edu would love to see: a), a vertical focus on the sector from the respective ministers, which will help us integrate with the broader economy and contribute to government goals in a far better way, and b) reducing GST to the 5% slab for education services.”

Shweta Sastri, Managing Director, Canadian International School, Bengaluru

Ms. Shweta Sastri, Managing Director, Canadian International School, Bangalore...Budget should usher in policies that will help in the growth of the overall economy

We expect budget to be progressive to revive the economy and create positive business sentiments. It should usher in policies that will help in the growth of the overall economy by providing fillip through a boost in consumption. We await a forward-looking budget that would act as a catalyst for higher demands and spur spending across bottom-of-pyramid consumers as well as lower middle class consumers.

Given the widespread poverty levels in India, education needs to play a critical role in bringing about a change across generations with primary public education standing out as the most important area of focus. The upcoming budget needs to take initiatives such as allocating bigger spending on education and push digitalisation in the education sector. It should also look at removing some hurdles in opening schools and higher education institutions in the country and the whole process can be made easier so that we can see more private sector investment flowing in the education sector. 

We also expect government to take care of the issues faced by the housing sector and address them systematically to fulfil the mission of “Housing for All by 2022”.

Overall, we feel that the measures should meet the expectations of the common man, which will lead to higher consumption, enhanced liquidity in the market, increase in investment and savings, imperative to fuel India’s growth engine.

Ms. Niru Agarwal, Trustee, Greenwood High International School

Ms. Niru Agarwal, Trustee, Greenwood High International SchoolBudget pivotal for the education sector

While the upcoming Budget is crucial for all sectors, it is pivotal for the education sector. We expect that a substantial amount would be set aside to the education sector so that we can lay a stronger foundation for new-age learning strategies. For any country, the most significant returns are those garnered from investments made in its children.

Hence education is a critical sector and the budget needs to improve the standards of learning. The quality of teaching and the learning ecosystem needs significant improvement to enable students to perform at their expected levels. The current allocation for education is less than 3% of the GDP, which is low compared to developed countries where it is usually ranges between 5% and 7% of the GDP.

Teacher training is important to develop and build capacity for addressing the current learning needs. There is need for Improving facilities in institutions through setting up smart classrooms, modern laboratories, research facilities and libraries which would enhance the quality of learning. Hence the government must emphasize on education at all levels. We also expect government to improve the quality and scale of education across the country through a continued digital push.