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Education Aid to India doubles from $421 Million to $806 Million: UNESCO

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According to the UN Educational, Scientific and Cultural Organization (UNESCO), in a global education aid monitoring report, India has received  $806 million in 2014, nearly twice the $421 million it received in 2013.
The World Bank leads the pack, followed by the European Union institutions, the UK and Germany for supporting education in India.
This report can be taken optimistically as the increase in International aid should allow the country to tackle the areas of unfinished business in its education domain, including the substantial amounts of adolescents still out of school, and the pervasive levels of adult illiteracy still remaining.
However, a Human Resource Development (HRD) Ministry official, regarding the rising trend of education aid to India, mentioned that that the government is “happy, but not gung-ho” about the situation. This can be due to the fact that international aid is not even a fraction of what India spends on education.
The report also brought out, while the fund flow to India doubled, globally international aid to education has dropped some $500 million, from $13.6 billion in 2013 to $13.1 billion in 2014.

 

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