The Central Government has spent 1.34 per cent of Gross Domestic Product (GDP) on higher education during 2013-14, the Union HRD Minister Prakash Javadekar has informed the Lok Sabha.
During the question hour on last Monday, the HRD Minister revealed the information about expenditure on higher education for the year 2013-14.
According to him, aforementioned data was as per the publication of the ministry, ‘Analysis of Budgeted Expenditure on Education 2015’.
Planned outlay for the department of higher education was Rs 1,10,700 crore during 12th five year plan whereas the actual expenditure for higher education in 11th five year plan was of Rs 39,646.82 crore. This is an increase of about 2.79 times.