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Analysis of Union Budget

Analysis of Union Budget

SECTORAL ANALYSIS OF UNION BUDGET 

Nelson Mandela says, “Education is the most powerful weapon which you can use to change the world.” Hence, focus on quality education becomes a prerequisite to create a ‘New India’ and take the benefit of Demographic Dividend.
Digital divide and learning gap have increased due to the Pandemic in the last two years. This year’s education budget recognizes this fact and provides some measures to resolve the issue. The main goal of Education Budget 2022 is universalization of quality education by focusing on digital education, expanding ‘One class- one TV channel’ programme, setting up of virtual labs, developing of high-quality e-content in all spoken languages, creation of a digital university, revision of agricultural universities syllabus etc.
This year the Education sector has been allotted? 1,04,278 Crores which is an increase of 11.86% from the previous year. But it is still not meeting the recommendation of New Education Policy, 2020.
And, of the two main departments of Ministry of Education, the Union Budget, 2022 focuses mainly on school education to ensure that an adequate number of secondary graduates are sent to higher education without which the goal of 50 per cent Gross Enrolment Ratio as envisaged in New Education Policy, 2020 is not likely to be realised by 2030.
Changes in allocation of Budget amount in Education sector over few years Year 
Allocation (in Crores) 
Change over Previous Budget 
% Change 
2017-18 
81,868
– 
– 
2018-19 
85,010
3,142
3.84
2019-20 
94,854
9,844
11.58
2020-21 
99,312
4,458
4.7
2021-22 
93,224
-6,088
-6.13
2022-23 
1,04,278
11,052
11.86
 
Disclaimer
The information or content mentioned in the blog is only for reference purposes and based on the information publicly available as on the date of publication. The authors take no responsibility for its reliability and accuracy. It is advised to take appropriate legal/professional advice before undertaking any business activity or otherwise based on the above.
Compiled by:
Divya Gupta & Isha Setia
Assistant Professor, Trinity Institute of Professional Studies

 

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