post budget reaction from Mr. Rustom Kerawalla, Chairman, Ampersand Group, on education sector.
"The honourable Finance Minister has tried to address many facets of the educational sector in her budget. The overall allocation of Rs 99,300 crore for the education is very essential to ensure that India emerges as the educational capital of the world. The aspirations of a new India which has the highest number of youngsters seeking education in the world requires a concerted effort towards providing the right kind of education in order to harness the demographic dividend going forward.
There is a clear emphasis on public-private partnership and opening up the ECB and FDI routes by easing the norms for the sector will be a good enabler for the sector.
The ‘Study in India’ program opens doors for students from Asia and Africa to India and the setting up of full-fledged online degree level institutions will help in democratisation of education across all levels of society, especially those from the lower economic classes.
The setting up of 150 higher education institutions for apprenticeship diploma will be a good move to ensure employable talent from within the country."
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