Spending It Right: Education Funding Rises To 4.6 Per Cent Of GDP Since 2014; 6 Per Cent Target Next, Says JavadekarHRD Minister Prakash Javadekar (Mohd Zakir/Hindustan Times via Getty Images)

During the Modi government’s tenure, expenditure on education has gone up from 3.8 per cent of Gross Domestic Product (GDP) in 2014 to 4.6 per cent so far. Taking it to 6 per cent is the priority, said Union Human Resources Development (HRD) Minister Prakash Javadekar, reports Indian Express.

The HRD Minister, while speaking at a convocation in DY Patil University in Navi Mumbai, also said that the infrastructure for education too was being expanded and reformed.

“It is our priority that 6 per cent of GDP should be allotted to education…While total expenditure by central and state governments on education was 3.8 per cent of GDP in 2014, it has increased to 4.6 per cent now. This indicates that we are progressing towards 6 per cent,” Javadekar was quoted in the report as saying.

“We are making continuous efforts to improve educational facilities….Seven new IITs (Indian Institutes of Technology), seven new IIMs (Indian Institutes of Management), two new NITs (National Institutes of Technology), three central universities and around 125 Kendriya Vidyalayas have been started,” the HRD Minister said.

Javadekar added that the National Democratic Alliance (NDA) government took the historic decision of introducing graded autonomy, while ensuring quality education.

He said that 32 educational channels have been launched while free coaching for IIT Joint Entrance Exam is being offered through IIT-PAL (Professor Assisted Learning).

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement