Budget 2018: A futuristic one with focus on better educational infrastructure

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The push to education sector in the budget has been hailed by the industry. The budget has its focus on skilling youth and to promote higher education and encourage research among the graduates of the country.

Reacting on the budget, Mindler CEO Prateek Bhargava said, “The Government is coming good on its promise of putting education outcomes and skilling upfront. The allocation of Rs 1 lakh crore for improvement of education infra is one of the highlights of this budget. A medical college for every three parliamentary constituencies is a path breaking initiative and one that will give a huge boost to medicine as a career.”

“FM’s plan to identify 1,000 B.Tech students each year and providing means to pursue PHDs in IITs and IISCs is again a great initiative to drive focus towards research and is in sync with the massive investment of almost 1 lakh crores towards education research. FM’s focus on teacher training and digital education is welcomed and was much needed,” he added.

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The Managing Director of Cambridge University Press -South Asia, Ratnesh Jha called it a balanced budget for education sector of the country. He welcomed the government’s move of treating education holistically along with focus on improving educational infrastructure in the country and to strengthen capacity building through improvement in teacher training.

He said, “With focus on increasing digital intensity in education, the budget is quite futuristic as it looks to address the needs of today’s India emerging as a powerful knowledge economy.”

One of the commonly asked questions from the leaders in the current Government is about generating employment for the youth of the nation. The Government in this budget has focused on the issue and tries to address it.

Associate Professor of Finance at MDI Gurugram Ashutosh Dash said, “The budget speech indicates government to focus on the rural sector to create more jobs by 2020. This will require more fund allocation towards the education sector and human resource development sector. The government should also continue creating the environment that ensures ‘ease of doing business’. This will lead to more investments by the private sector and create further jobs for the students completing their formal education.”

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