The Union Finance Minister while presenting the Union Budget 2019 gave importance to the education sector by introducing major education policies. The Union Government has allocated Rs 94,854 crore for the education sector in this Budget for 2019-20. This is an increase from the revised Budget 2018-19, which was at Rs 83,625.86 crore. Of the total Rs 94,854 crore education Budget, Rs 56, 536.63 crore has been allocated to the school sector and the rest Rs. 38,317.01 crore has been pegged for the Department of Higher Education. In the school sector, a total amount of Rs. 36447.4 crore has been allocated to National Education Mission also called as Samagra Siksha Abhiyan, which amalgamates other schemes namely Sarva Shiksha Abhiyan (elementary education) and Rashtriya Madhyamik Shikha Abhiyan (secondary education). Along with this a mid-day meal programme has been allocated an amount of Rs 11,000 crore.
- New Education Policy to transform India’s Higher Education System to one of the best global education systems.
- Creation of National Research Foundation to fund, co-ordinate and promote research. A total amount of Rs 608.87 crore has been allocated under the head ‘Research and Innovation’.
- ‘Study in India Program’ to help India attract foreign students to make India a global Higher Education Hub.
- Setting up ‘Higher Education Commission of India’ to promote autonomy and focus on academic outcomes. HECI will replace the University Grants Commission.
- Setting up of National Sports Education Board for development of sportsperson under Khelo India Scheme.
- Rs. 400 crore provided for “World Class Institutions”, for FY 2019-20.
- To prepare youth for overseas jobs, focus to be increased on globally valued skill-sets including language training, Artificial Intelligence (AI), Internet of Things (IoT), Big Data, 3D Printing, Virtual Reality and Robotics.
India is now poised for entry of foreign business in various sectors. The fact that the Budget has made an allotment for foreign students goes a long way to show India’s global approach not only in business but also in education. The Indian Intelligence is recognized worldwide as being superior. This is proved by the fact that most CEOs of large multi-nationals are from India.
IIMT And School of Law, GGSIP University Delhi
The Indian Lawyer