Views on Education Budget

by Dr. Bigyan Verma

1. Introduction - The speaker introduces himself as an academician with over two decades of experience in education, and also having worked as an investment banker for Morgan Stanley.

2. Budget Analysis - The speaker mentions that the budget announcements made by the finance minister should not be altered as a published budget for it addresses structural issues for almost all segments of the population and has large number of impactful messages for a large number of sectors.

3. Post-Pandemic Budget - The speaker mentions that this budget being post-pandemic has fiscal limitations and the private sector has a big role to play in the growth story of India.

4. Inclusive Development - The budget focuses on inclusive development and reaching the last mile, with a focus on infrastructure investment and green growth.

5. Focus on Education - The speaker mentions that the world is changing with regard to new systems and technologies and they are going to be a part of education. He also mentions that the education sector has received the highest ever allocation of rupees 1.12 lakh crores since independence, with a substantial part of it going for school education.

6. Conclusion - The speaker concludes by mentioning that education is an enabling factor for the youth who will emerge to be the power for this nation.

Bigyan Verma, an academician with over two and a half decades of experience in the education sector, believes that the allocation of funds towards education in the recent budget is a significant step towards bridging the gap caused by the pandemic and setting a new era for the country's education system. He highlights the fact that the recent budget has allocated the highest ever amount, 1.12 lakh crores, towards education since India's independence, with a substantial part of it being allocated towards school education, which he believes is crucial in shaping the future of the country's youth.

He then goes on to talk about the recent budget announcement and its impact on the education sector. He notes that this is the highest ever allocation for education since independence, with a significant portion of the allocation going towards school education.

Bigyan also highlights the impact that the COVID-19 pandemic has had on the education sector and how the budget aims to bridge the gap and bring the sector back to a new era. He also mentions that the budget is focusing on inclusive development, infrastructure investment, and green growth, with a particular emphasis on the youth and technology.

Bigyan Verma, who has also spent some time in the financial services industry as an investment banker, brings a unique perspective to the discussion. He recognizes the limitations of the budget, which was announced post-pandemic and had fiscal limitations. Despite this, he feels that the budget is realistic and addresses structural issues for various segments of the population. He also believes that the budget's focus on inclusive development, infrastructure investment, green growth, and the youth, particularly in the technological and financial sectors, highlights the government's commitment to continuing the growth story.

Furthermore, he acknowledges the importance of technology in the education sector, given the changing world, and the need for new systems and technologies to be a part of education. He specifically focuses on the impact of the pandemic on school-going children, who have faced massive disruption due to the lockdown. He believes that making children sit in front of a computer for hours is not ideal for their growth and development, and that the growth of children happens outside the classroom, through play with their peers and various activities.

In conclusion, Bigyan Verma is optimistic about the future of education in India and the role that the recent budget will play in shaping it. He believes that education is an enabling factor that will empower the youth and emerge as a crucial power for the nation. He recognizes that the budget may not please everyone and there may be skeptics and critics, but he feels that this is healthy for a democratic country like India, and the discussions and debates are necessary.