Ms. Charu Noheria, Co-Founder & COO, Practically

We as a nation have done a commendable job of uplifting the education sector and growing it phenomenally. The much-anticipated Union Budget comes at a time when we are introducing necessary reforms in the EdTech space.  Having a central body to regulate best practices in the education and EdTech space will be largely beneficial for the consumers. Ideally, the budget this year should consider important factors such as stronger adoption of the blended learning model and investment in a stronger digital infrastructure beyond Tier 1 cities as well. Digitization is expected to be an effective solution in bridging the literacy gap for our country. Additionally, for  educational institutions and courses the revision of the 18% GST slab will be largely beneficial in offering more conducive rates or fees to students. Being one of the youngest nations in the world, we are moving towards a brighter future and with some basic reforms in place, we will undoubtedly be one of the strongest countries in the world.

Mr. Aakash Chaudhry, Managing Director, Aakash Educational Services Limited (AESL)

“With the Union Budget 2022-23 approaching, the young generation has high expectations from the Government especially in four segments – Education & Skill Development, better infrastructure, enhanced employment opportunities and common man’s safety & security. We applaud the Government initiatives like the adoption of the NEP, inclusion of new-age courses, and strengthening of the e-learning ecosystem. With Covid completely changing the dynamics of classroom education, we expect there to be a great amount of focus on online education and its infrastructure, especially in the Tier 2,3 cities, in the Budget.

Covid-19 adversely impacted the education system and forced an increase in the rate of school dropouts. The government should announce an attractive stimulus package and provisions for the education industry to bridge the glaring gap between urban and rural populations. The Government also needs to support telecom companies so that they develop better infrastructure, internet connectivity, access to modern devices, ensuring last-mile delivery, quality guidance to the underserved who have been left behind owing to the digital divide. While skilling, reskilling and upskilling will be the new normal, we need to develop more institutes like IITs, IIMs. NIIT, association with foreign universities offering new-age curriculum in sync with global standards to propel future workforce to be industry-ready. The Government should focus on major fund allocation towards innovation, research and development to help talent create lucrative employment opportunities.”