Question

Economists believe that India should spend atleast 6 % of its GDP on Education for achieving desired. Justify the statement giving valid reasons

Answer 1

Explanation:

4.6 per cent

India spends 4.6 per cent of its total GDP oneducation, and ranks 62nd in total publicexpenditure on education per student, according to IMD. Experts have called for raising the education expenditure to 6 per cent, which is also in sync with Niti Aayog's target to improve education quality in India.

Answer 2

Spending at least 6% of its GDP on education is important for India due to the following reasons.

• The education commission set up in 1964 had recommended that at least 6% of GDP be spent on education to improve our growth in the field.
• The rise in expenditure on education will help improve the educational facilities provided to children in India.
• Improving of the quality of education provided to the children will also be possible with this increase in expenditure.
• The improved literacy in the country will help improving the human capital in India. The improved human capital will allow its citizens to live a better life.
• Unfortunately, the current expenditure on education in India is about 4%, which is quite a lot less than the required 6%.
• The government has also introduced other programs to help improve the literacy rate of the country.
• The Right to Education act was enacted in 2009 to make free education till the age of 14 a fundamental right.
• Thus, the government needs to make a conscious effort to increase the expenditure on education to adequate levels to acaheive the desired educational goals.

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