Budget Day Input Education Sector By Rohin Kapoor, Partner, Education and Skilling, Management Consulting, BDO India
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Below the Budget Day Input Education Sector By Rohin Kapoor, Partner, Education and Skilling, Management Consulting, BDO India
“Heartening to note the much-needed impetus provided to the employment, education & skilling sector. The announcement of INR 1.48 lakh crore provision along with inclusion in the list of 9 priorities of the Government spells out an intention to truly transform the sector for the upliftment of the society especially youth & women. Announcing three employment linked incentive schemes covering first timers in manufacturing & other sectors has the potential to generate millions of job-related opportunities in the formal sector. Furthermore, investments in upgradation of 1,000 ITIs with outcome orientation & improving access to skilling/educational loans is expected to empower the next generation to pursue higher & vocational education programs. Offering paid internship opportunities in top companies to over 1 crore youth is likely to open multiple doors to employment whilst bridging the gap between academia/skilling institutions & the corporate world. Unfortunately, no announcements with respect to restructuring the NTA, digitisation of competitive exams to avoid a NEET-like fiasco & incentivising foreign investment in K12 & higher education were made”
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