Dr Manoj Goel Joint Director, KIET Group of Institutions says ,- “In today’s rapidly evolving global landscape, India’s future hinges on our ability to cultivate a knowledge-driven society. The upcoming budget presents a critical opportunity to invest in our nation’s intellectual capital. While the 2023 budget notably allocated Rs 44,095 crore for higher education, reflecting an 8% rise from the revised estimates of FY23., we must push further. We anticipate and hope for a budget allocation exceeding 12% for education, focusing on infrastructure enhancement, technology integration, and research promotion across all educational levels.
The private education sector plays a vital role in our educational ecosystem, often spearheading innovation, skill development, and international collaborations. With this budget we expect the government to provide strategic support to private institutions through financial incentives, tax benefits, and favorable policies. This dual approach of focusing on both public and private educational institutions – is key to bridging our intellectual gap, raising our national IQ, and positioning India as a global leader in innovation and technology. Our commitment to education today will determine our success in the knowledge economy of tomorrow.”
Anant Bengani , Director & Co-Founder, Zell Education says, “With the upcoming budget we expect the government to prioritize significant investments in digital infrastructure and education modernization. The digital divide, especially in rural areas, remains a critical barrier to inclusive education. We urge the allocation of substantial funds to expand digital infrastructure nationwide, ensuring that quality financial and accounting education is accessible to all. This investment is not just in technology, but in India’s future workforce and economic growth.”
Rohit Gupta – Co-Founder & COO – College Vidya says,” With the upcoming budget we anticipate a significant increase in budget allocation for the education sector, reflecting the government’s commitment to making quality education accessible to all. Additionally, proposed reductions in the GST slab for educational products and services, coupled with tax incentives, are expected to enhance the affordability and quality of education. This is particularly crucial for online learning platforms, which have become vital in our increasingly digital world. We believe these reforms will foster stronger collaborations between private and government institutions, especially in skill-oriented programs, paving the way for a more inclusive and dynamic educational landscape”.
Mr. Gaurav Batra , CEO & Founder , Infinite Group says, “As a player in the global education sector, we have witnessed a growing demand for Indian students choosing to study abroad. With the upcoming budget from the newly formed government, we anticipate new policies that will create opportunities for international student mobility. We expect policymakers to ensure that Indian students have the necessary resources and support to pursue their dreams of studying abroad. An increase in funding allocation, especially for higher education, would be welcomed by the expanding student community in India. We also believe the government will work closely with financial institutions to lower interest rates on education loans for students studying abroad. Additionally, we anticipate the introduction of more scholarships and similar initiatives to alleviate the financial burden on the families of students planning to study abroad. We expect a comprehensive budget that will foster a more supportive environment for Indian students”.
