By – Mr. Ashish Munjal, CO-Founder and CEO, Sunstone
The last year’s budget saw a 7.99% increase, reaching Rs 47,620 crore. The allocation for Central Universities rose by 29%, while NITs and IIEST received a 5% boost. In addition to increased funding for higher education, the budget introduced initiatives such as education loans, an updated skill loan scheme, and a youth internship program. We hope that the Budget 2025 prioritises accountable education by enhancing access, quality, and skill development. Key focus areas include increasing funding for educational infrastructure, improving teacher training, and updating curricula to align with industry needs. Support for digital education and policies promoting equitable learning opportunities for students from diverse socio-economic backgrounds are essential. Additionally, fostering industry-academia collaboration through fiscal incentives for skill development programs can bridge employability gaps. Investments in R&D within higher education and technological advancements for student skilling and training will enhance sector potential. This approach will position India as a global knowledge hub, empowering students with the skills and knowledge necessary for a rapidly evolving global economy.