The union budget of 2019-20 is definitely a progressive one to revive the economy and create positive business sentiments. It has ushered in policies that will help in the growth of the overall economy. It would act as a catalyst for higher demands and spur spending across bottom-of-pyramid consumers.
The government proposed a range of major changes for India’s education system in the budget and laid emphasis on the importance of not only providing literacy but improving the quality of education. The decision to set up a National Research Foundation to fund and coordinate research in India is welcome. The plan of the Government to launch ‘Study in India’ programme is meant to make India an attractive education destination for international students. The allotment of 400-cr to develop world class institutions is to be highly appreciated. The enhancement of budget allocation for education is an appreciating move. This increased allocation of fund will ensure better quality government schools that educate majority of children in India. With the aim of the government to make India’s schools future-ready with a deeper focus on research and new age skills such as robotics, AI, IoT etc, not only integration of technology in classrooms is expected to get a considerable boost, but also education will become more accessible for all. The decision to treat education holistically is also a welcome move and will lend greater synergy in planning and execution of important schemes and programmes.
This is a balanced budget as far as education sector is concerned. Overall, we feel that the measures taken should meet the expectations of the common man, which will lead to higher consumption, enhanced liquidity in the market, increase in investment and savings, imperative to fuel India’s growth engine.
Shweta Sastri, Managing Director, Canadian International School, Bengaluru