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UNION BUDGET 2013

28 Feb 2013

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Allocation of $12 billion in 2013-14 on education will to contribute to

Indias growth for 2020 and beyond

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Dhiraj Mathur, Leader Education, PwC India

Increased allocations for RTE -- SSA and for RMSA reiterate the

governments commitment towards strengthening school education. Inaddition, in a country where nearly 64 per cent of the population will be of

working age by 2021, the governments proposal of setting Rs 1000 crore

apart for motivating nearly 10 million youth to voluntarily join skill

development programmes and releasing funds from other schemes for skill

development activities is a welcome move.

Ranu Kawatra, President and CEO, Pearson Education India

The Union Budget 2013-14 has introduced some promising initiatives for

the Education sector. The government has offered measures that have the

potential to provide significant investment boost to the sector. Honble

Finance Minister P Chidambaram has allocated Rs 65,867 crore to the

HRD ministry, an increase of 17 per cent from last year. This will indeed

provide an impetus and boost to the sector with additional facilities and

initiatives that will be taken by the Ministry.

Another key aspect addressed in the budget is the target of skilling 50

million people in the 12th Plan period, which includes 9 million in 2013-14.
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India as a country has faced severe skill-gap and a solution in the form of

Rs 1000 crore being allocated for skill development has been proposed.

Equipping the youth with the required skills will help them secure better

jobs,which in turn will help in the socio economic advancement of the

country. Lastly, exemption of service tax for state-affiliated institutes

offering vocational courses will also be beneficial to the Indian youth.

Siddharth Chaturvedi, Director, AISECT

It is heartening to see that the focus on the education sector as a whole

continues into the next financial year as well. The allocation of Rs. 65,867

crore to the MHRD, which is an increase of 17 per cent as compared to last

year, is an optimistic sign for the education sector and shows

Governments long term commitment to improving access for education to

a larger section of society. Specifically, with SSA Allocation of Rs 27,258

crore and RMSA allocation of 3983 crore (25 per cent increase YOY), both

elementary education as well as middle school education segments are

poised to benefit from the budget.

Skill development and vocational training as important instruments of

growth for the Indian economy were again reaffirmed by the Budget 2013.

Allocation of Rs 1000 crore for taking further the mission of skilling 50

million youth by 2022 is welcome. Specifically, there is a focus on bringing

quality improvement and standard procedures for certifications and

assessments in the FMs Budget speech, which is definitely a positive sign

for the vocational training and skill development sector. We look forward to

continued focus on skill development from the government's side in future

as well and an even bigger allocation next year, as the scale of this


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challenge is humongous.

Prashant Bhalla, Senior Vice President, Manav Rachna International

University

Keeping the current fiscal deficit scenario in mind, the budget this year

appears to be a move towards a focused economic growth, provided the

elements are well implemented. It is good to see that education has

retained its importance where the government plans to continue taking

initiatives for education as well as imparting skills to the youth.

Given the challenges we have, rise in expenditures at all levels is obvious

but one should not divert from our focus and continue our efforts. Rise in

allocations for HRD, SSA, RMSA seems to be a move that will bring

benefits to the countrymen. Having said that, monitoring also needs equal

attention to overcome obstacles and thereafter succeed in our missions

It is a delight to see that government has taken initiatives for women like

announcing Nirbhaya fund, taking steps for women upliftment which is

equally a pulsating concern today and is important for achieving an

inclusive growth.

Sanjiv Kataria Communications Counsel for the Education Sector

The Finance Minister has seized the opportunities for youth by focusing on

Human Infrastructure developmenta meta resource for growing India.

Allocation of $12 billion in 2013-14 on education, representing one-sixth

increase over last year, will unlock the potential of young to contribute to

Indias growth for 2020 and beyond.


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Governments emphasis on Right to Education, Sarva Shiksha Abhiyan,

Mid-day meals, Rashtriya Madhyamik Shiksha Abhiyan and Skill

Development will go a long way in enhancing literacy, growing school

enrolments and building marketable skills.

By funding skill building of youth, firms set up in association with National

Skills Development Council have a key role cut out for themselves in

offering skills that get them jobs and building their confidence to live as

equals.

Direct transfer of scholarships to girls, including those from SC, ST, will

encourage parents to educate them just as they invest in boys.

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