As discussed, please find enclosed the quotes from Education industry leaders on Union Budget Announcement by Dr.Pankaj Gupta President, IIHMR University, Jaipur, Dr. RL Raina, Vice-Chancellor, JK Lakshmipat University, Jaipur, Dr. Narendra Shyamsukha, Founder Chairman, ICA Edu Skills and Mr.Rachit Jain, CEO & Founder, Youth4Work.
"A progressive and developed country needs an educated workforce and for a country like India which is all set to have the largest working-age population by 2030, the need for a robust framework of education is high. The union budget 2020 has realized the importance of the same and announced programs which will be beneficial to the overall growth of education in the country. To ensure that education reaches everyone and is accessible anywhere anytime degree level full-fledged online courses will be offered by institutes in the top 100 of the National Institutional Ranking Framework. This will help people with primary level education attain higher education and get better jobs which will enable them to contribute positively to the economy" said Dr.Pankaj Gupta President, IIHMR University, Jaipur.
"No country can achieve sustainable economic development without substantial investment in human capital. Education plays an important role in improving the quality of life of citizens as well as the progress of a nation. India will have the largest working-age population in the world by 2030 which is why more and more people need to have a good education so that they can contribute positively to the growth of the country. Union budget 2020 addresses key gaps between skill and employment by ensuring focused efforts on increasing skill-based institutions for medical, internships for engineers in Urban local bodies and apprenticeship based programs for non-science students. Inviting FDI for education sectors can be a decent opportunity in the path of improving the quality of education. INDI-SAT will also bring in diversity in the classroom and will force institutions to move towards Global offerings and expertise to meet the requirements. To ensure that education reaches everyone and is accessible anywhere anytime degree level full-fledged online courses will be offered by institutes in the top 100 of the National Institutional Ranking Framework. Finally, viability gap funding will be used to set up medical colleges which will be attached to district hospitals in Public-Private Partnership (PPP) model which will help students gain maximum exposure and experience early on that will hold them in good stead", said Dr. RL Raina, Vice-Chancellor, JK Lakshmipat University, Jaipur.
"Indian education is at a crucial juncture at this time as students can easily graduate from colleges but when they enter different industries they feel quite unprepared. The union budget 2020-2021 has announced 3000 crores for skill development which will help students be more job-ready and reduce the gap between education imparted and skills required. FM Nirmala Sitharaman announced that urban local bodies across the country will provide internships for young engineers for a period of up to one year so that they are well versed with the requirements of the job and get the right exposure. Also, with the help of viability gap funding medical colleges will be set up and will be attached with district colleges in PPP (Public-Private Partnership) mode which will provide students both education and on job experiences to be better prepared for their future", said Dr. Narendra Shyamsukha, Founder Chairman, ICA Edu Skills.
"The first budget of the new decade presented by Finance Minister Nirmala Sitharaman gives an outline of a new and confident India. It is a promising, proactive and progressive budget which will make India healthy and wealthy in the coming year. India will have the largest working-age population in the world by 2030 which is why more and more people need to have a good education so that they can contribute positively to the growth of the country. The 2020 union budget has made big announcements in lieu with Prime Minister's Vision which will play a big role in transforming India’s educational landscape. The government has announced that 8000 crore rupees will be provided for quantum technologies and applications which will help students learning about quantum computing and secure applications. To groom young students urban local bodies across the country will provide internships to young engineers for a period of up to one year. To ensure that education reaches everyone and is accessible anywhere anytime degree level full-fledged online courses will be offered by institutes in the top 100 of the National Institutional Ranking Framework. To encourage students of African and Asian countries who wish to study in India, the IND-SAT exam will be held which will help India become a global hub of education. Moreover, viability gap funding will be used to set up medical colleges which will be attached to district hospitals in Public-Private Partnership (PPP) model which will help students gain maximum exposure and experience early on in their careers", said Mr.Rachit Jain, CEO & Founder, Youth4Work.
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