In the Rajya Sabha, the Minister of Human Resource Development, Ramesh Pokhriyal 'Nishank' shared the data. In this year’s budget, the government has sanctioned Rs 99,300 crore for education which is 3.2 per cent of the total union budget.
The budgetary share for education sector is witnessing a downfall for the last five years, according to the government's data. In the Rajya Sabha, the Minister of Human Resource Development, Ramesh Pokhriyal 'Nishank' shared the data. In this year’s budget, the government has sanctioned Rs 99,300 crore for education which is 3.2 per cent of the total union budget. In the previous budget, when the government had set aside 3.48% of the total budget for education and the expenditure in education was 4.43% of the GDP, Prakash Javadekar, the then Education Minister had stated that it was the main concern of his government to assign 6 per cent of the GDP to education.
Mr Pokhriyal was replying to a question raised by Md. Nadimul Haque's on the details of central budgetary allocation for education for the last five years in proportion to the total central budgetary allocation for all Ministries. He replied that proportion of allocation for Ministry of Human Resource Development (MHRD) to the total central budget was 4.61 per cent, 3.89 per cent, 3.66 per cent, 3.71 per cent and 3.48 per cent during 2014-15, 2015-16, 2016-17, 2017-18 and 2018-19, respectively. The HRD Minister also informed that the expenses on education as a percentage of GDP was 3.84%, 4.07%, 4.20%, 4.32% and 4.43% during 2014-15, 2015-16, 2016-17, 2017-18 and 2018-19, respectively.
On February 1, Union Finance Minister Nirmala Sitharaman had tabled budget for several ministries and sectors costing 30, 42,230 crore. Educators have given a mixed response on the budgetary allocation. By 2030, India will have the world's largest working population and as a country, and there is a need to invest in children's education and overall development.
Read More:
Follow Shiksha.com for latest education news in detail on Exam Results, Dates, Admit Cards, & Schedules, Colleges & Universities news related to Admissions & Courses, Board exams, Scholarships, Careers, Education Events, New education policies & Regulations.
To get in touch with Shiksha news team, please write to us at news@shiksha.com
This is a collection of news and articles on various topics ranging from course selection to college selection tips, exam preparation strategy to course comparison and more. The topics are from various streams inclu... Read Full Bio