Education Budget 2023 will be presented by Finance Minister Nirmala Sitharaman next week. Many education experts are expecting an increase in the fund allocated to the Ministry of Education. Industry experts, such as the Chairman of the University Grants Commission, have pushed for a substantial increase, particularly for the Higher Education Department of the Union ministry.
In last year’s budget – Budget 2022-23, the funds for the Higher Education department of the Ministry of Education saw an increase of 6 percent. The total outlay for this department stood at Rs 40 crores. For Budget 2021-22, Higher Education in India was given a total of Rs. 38 crores.
While National Digital University was mentioned in Budget 2022 as well, the funds for the same are expected to be allocated with Budget 2023,
“I would expect a similar trend to happen this year also and much of these funds will be used for infrastructural development, for creating a better digital backbone for our higher education,” stated UGC Chairman, Professor M Jagadesh Kumar to ABP Live.
UGC recently also introduced the draft norms for Foreign Universities in India. Internationalisation of Indian Higher Education as well as improving the education available to Indian students has always been a goal for industry experts.
Driven by a young demographic, India is fast becoming a talent pool for the world. The Government aspires to have 25% of global workforce to be Indian by 2047 and therefore early-stage exposure to Internationalization is key to meeting this objective. The Union budget 2023 outlay must provision for ‘Internationalization’ at State and Central Government Universities, while also making India a destination for foreign students. Exchange programmes between global institutions and Indian universities will augur well for learners who are presently devoid of international exposure
Lejo Sam Oommen – MD at ETS India
Apart from Foreign Education and expanding the Indian education system globally, making education in India digital friendly and accessible is also a big goal.
CEO and Founder of Knimbus, Tarun has stated that the outlay of the Union Budget 2023 for the Education ministry must keep in mind the goals of NEP 2020, especially digital education, university and more.
Tarun, CEO and Founder at Knimbus
Given that Digital driven access is the key theme of NEP 2020, Government should encourage setting up of a Digital Library ecosystem that can work in conjunction with Digital Universities that are being planned. Such digital content repositories will not just aid learners, but also support institutions and educators with classroom learning given ease of access to curated and authentic content
FM Nirmala Sitharaman will present Union Budget 2023 on February 1, 2023. Keep a check here for the latest updates on the Budget dates, times, and expectations from experts.
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