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Increased Budget Allocation

There is a strong call for a significant rise in the education budget, aiming to reach the ideal of 6% of GDP. This increase would support various initiatives, including infrastructure development and technological advancements in educational institutions.

Support for Digital and Hybrid Learning

The expansion of digital learning platforms and hybrid learning models is anticipated to provide greater flexibility and accessibility for students. Investments in these areas are expected to enhance the quality of education and reach a broader student base.

Industry-Academia Collaboration

A dedicated budget allocation to facilitate increased partnerships between industry and academia is seen as essential. Such collaborations would encourage institutions to integrate experiential learning into their curricula, producing industry-ready graduates.

Tax Reforms

Educational institutions are advocating for reforms in the Goods and Services Tax (GST) framework. Currently, while educational services are exempt from GST, institutions incur GST on procured goods and services, leading to compliance challenges. A reduction or elimination of GST on educational services and digital learning tools is also sought to make education more affordable.

Funding for Technical and Vocational Training

An increase in funding for technical and vocational training, especially for women, in fast-growing sectors like renewable energy, aerospace, and digital technology is expected. Encouraging industry-academia collaborations will help bridge the skill gap and equip young talent for future job markets.

Facilitating Foreign Investments and Donations

To upgrade infrastructure and adopt advanced technologies, educational institutions require substantial funding. Amendments to exchange control regulations are anticipated to allow foreign investments and the availing of foreign currency loans by trusts and societies running educational institutions. Additionally, streamlining the process for receiving foreign grants and donations is expected to provide financial support for joint research programs and other initiatives.

These expectations reflect a collective aspiration to strengthen India's education system, making it more accessible, affordable, and aligned with the evolving demands of the global economy.

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