As all eyes are on Union Budget 2022 that is all set to be announced on February 1, 2022, Digital Learning spoke to a few industry experts about their expectations from the Union Budget 2022.
The education industry has swiftly shifted in the last two years as students and instructors turn to digital learning during the COVID-19 epidemic. Although budget 2021 was adequate in light of the digital revolution, budget 2022 is predicted to be a more advanced and strong budget with appropriate tax incentives, a solid network infrastructure, and strict data protection regulations, which might alter the educational IT industry.
In addition, to address the increased demand for at-home learning, the edtech sector has adopted new technology and approaches. However, online classes were hampered by an adequate internet connection, digital devices, or computer systems. The edtech ecosystem anticipates that the government will make government services available to both applicants and edtech companies. The next budget is projected to place a greater emphasis on improving internet connectivity infrastructure across the country, promoting last-mile access, inexpensive 5G devices, and, most crucially, assisting EdTech enterprises with robust data protection legislation.
The progress in GST treatment is another essential expectation for Budget 2022. One of the most critical areas which required improvement, in my opinion, is the GST treatment of print vs digital educational products. We’ve seen how online educational content has the potential to improve educational access and quality. From this year’s budget, there is a hope that the GST will be cut, allowing more individuals to invest in digital education.
