Megha kumari, Academic content writer of Economics at Edumarz
Education sector in India is managed by government on a large scale. As India’s rural population can’t afford expensive education and majority of population in India is rural. Government time by time introduce new education policies.
Government spend on education in two different ways:-
- The expenditure on education as a percentage of total government expenditure– This means government gives importance to education also in other schemes. In 1952-2014 expenditure increase from 7.92 to 15.7.
- The expenditure on education as a percentage of Gross Domestic Product – This means share of individual’s income spend on development of education in India. This has increased from 0.64 to 4.13 from 1952-2014.
In all these expenditure during the years, share of expenditure in elementary education is higher than tertiary. But to expand educational sector we need to spend equally on all levels of education.
Different committee formed for improvement in education sector are:-
- Education commission (1964-66) : According to this 6% of GDP should spent on education.
- The Tapas Majumdar Committee (1999) : This committee allocated 1.37 lakh crore over 10years.
- Right of children to free and compulsory act (2009) : This is to give free education to children of age 6-14years.
In addition to all Government started levying 2% education cess on all union taxes. For higher education also government started giving loan and outlay different schemes.