“The new National Education Policy is an ambitious one and focuses on: improving the quality of higher education at all levels, increased use of technology in education, equity in education, teacher education, and cultivating research for the social good. However, the government expenditure on education is too meagre. The current public expenditure on education in India has been around 4.4% of GDP. This needs to be significantly increased to 6-7% of GDP with combined contribution of Centre and State governments. Similarly, if we want to give due importance to research, the research and innovation investment, which currently stands at about 0.7% of GDP as compared to 4.3% of GDP in a small country like Israel, needs also to be enhanced to at least 2% of GDP. In Covid times, we have seen the importance of indiginous research in different sectors, be it Agriculture, Healthcare, IT and Manufacturing sectors. This will indeed give a boost to the proposal on creation of the National Science Foundation, as envisaged in the National Education Policy. The NSF will act as a robust and efficient support system to facilitate research in higher education institutions, and is being eagerly awaited”.