Budget 2024 expectations: From human resource investments to fulfilling NEP goals, here's what education sector needs

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₹2.25 trillion may seem daunting, robust tax collections and a significant surplus in revenue create a conducive environment for a transformative leap." Vivekanand Education Society’s College of Architecture Principal Anand Achari mentioned that incorporating the Indian knowledge system into the curriculum requires the development or upgradation of curricula, training or orientation for faculty, and the empanelment of artists- and artisans-in-residence in higher education institutions. He said, “There is a need to strengthen industry-academia collaboration for better alignment of academic curricula with the evolving job market.

Moreover, prioritising financial support for academic-industry collaboration is crucial, as it serves to forge robust connections between educational institutions and industries." In the financial year 2023-24, the education sector received its highest-ever allocation of ₹1.12 lakh crore against the FY 2022-23 budget allocation of ₹1.04 crore. FY 2023-24 budget included ₹68,804 crore allocation for school education, ₹44,094.62 crore allocation for higher education and ₹37,453 crore allocation for the Samagra Shiksha Abhiyan.