BUDGET TALK

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BUDGET TALK

Wednesday, 05 February 2020 | PNS

The focus area of education in this year’s budget under the theme of Aspirational India oriented towards three key areas: Improving the quality of education, promoting digital learning and skill development to address high unemployment rate. The Finance Minister (FM) was expected to announce revolutionary measure in building the new digital education ecosystem to promote futuristic skills and combat high unemployment rate  but no major announcements of schemes/policies were made regarding the same. The announcement of New Education Policy” was much needed move considering pathetic state of education system but pathway towards implementation is still a long way to go.

— Dr Raj Padhiyar, Founder & CEO, Digital Gurukul

We welcome the focus on education, skill development and new-age technologies in this year’s budget which focuses on furthering the employability of Indians through the government’s Skill India Mission launched in 2015. The step by the government to facilitate the educational needs of the growing working-age population and students who do not have access to higher education by offering online education programs from the top 100 institutions of the country is commendable. It will allow students from around the country to have quality education and learn from the best institutions in the country.

—  Irwin Anand, MD, Udemy India

It is a progressive Budget that acknowledges the role technology can play in addressing challenges and improving access to quality higher education and employment opportunities for India's youth. The Government's announcements related to the development of emerging technologies like AI, ML, Data Analytics ecosystem in the country and skilling opportunities for the youth, clearly reflect the focus on preparing the youth for jobs of tomorrow. Also, the introduction of online degree programs highlights the growing acceptance of online education in its capability. Aided with a boost in infrastructure and high quality content, online education will not only accelerate skill development initiatives but also help ‘right-skill’ the workforce of the future.

— Raghav Gupta, Managing Director, India, and APAC, Coursera

It’s great to see the Union Government’s focus on education. The FDI part was in waiting for a long time, glad to have it come through —it will really help us make a big leap! Online education programmes, introduction of new courses that will push students into careers of tomorrow, and of course the Indian SAT for promoting #StudyInIndia — all are in the right direction, and I am personally very excited about us at leverage Edu helping execute some of these parts.

— Akshay Chaturvedi, Founder & CEO, Leverage Edu

By 2030, India is set to have the largest working age population in the world. It is good to know the Government has acknowledged this and the need for the  education sector to have greater finance to attract good teachers. This time the Finance Minister has announced Rs 99,300 crore outlay for education sector and Rs 3,000 crore for skill development. But the rise is just not enough to match the  need. Considering the option of External Commercial Borrowings and FDI for education was much-needed.

— Amol Arora, Vice-chairman-MD, Shemford Group of Futuristic Schools

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