What is public expenditure on education in India?

In 2019-20, India allocated Rs 6.43 lakh crore ($88 billion) of public funds for education, per the Economic Survey. Of this, the central government allocated Rs 56,537 crore ($7.74 billion) to school education–60%–and Rs 38,317 crore ($5.25 billion) to higher education.

How much of India’s GDP is spent on education?

The Economic Survey 2020-21 reported that spending on education as a percentage of GDP stagnated at 2.8% during 2014-2019 and increased to 3-3.5% in the 2019-21period. Ideally, 6% of the GDP must be allocated to education, according to experts.

What is the percentage of expenditure in India over an education?

List of countries by spending on education (% of GDP)

What was the percentage of expenditure on education during 2011 12?

Similar sentiments have been reiterated since then including in the Common Minimum Programme (CMP) of the UPA government (Tilak 2007). EE constitutes the largest share of total education financing, 50% in 2011-12. Our calculations indicate that India spends 1.75% of its GDP on EE27.

How much of GDP is spent on education?

The country spent only 3.1% of its GDP on education in 2019-’20 against the 6% recommended by every national policy since 1968. India needs to spend 6% of its gross domestic product on education, every national education policy since 1968 has said.

What of GDP is spent on education?

Allocation in Union Budget 2021-22 The National Policy on Education 1968 recommended the spending on Education to be 6% of GDP. National Education Policy, 2020 (NEP) reaffirms the recommendation of increasing public investment on education to 6% of GDP.

What is the education budget of India 2020?

The total education budget was slashed by 6 per cent from Rs 99,311 crore in 2020-21 to Rs 93,224 crore — the lowest in three years — with school education taking the biggest cut of almost Rs 5,000 crore. The allocation for higher education has decreased by roughly Rs 1,000 crore to Rs 38,350 crore this year.

How much does the government spend on education per child?

The federal government provides 7.8% of funding for public K-12 education. Public postsecondary schools spend an average of $26,496 per pupil. The national gross domestic product (GDP) grows 71.6% faster than public education budgets.

What is expenditure on education?

1. It is the amount of total government’s budget of a country allotted in different educational activities. In India, the share of total income in education varies in the range of 3-8 percent.

When did public expenditure on education start in India?

In the present paper, an attempt has been made to examine the level, trends, growth and intra-Sectoral allocation of Public expenditure on education. Taking period from 2001-02 to 2014-15, we have analysed the expenditure on education at various levels, in aggregate as well as separately for the centre and the state’s government.

Which is the highest public expenditure in India?

India being a developing nation highest public expenditure on education as a percentage of GDP was incurred on elementary education in 2005-06 (1.61) and in 2010-11 (1.7). It was followed by expenditure on secondary education, university and higher education and technical education for 2005-06 as well as 2009-10.

What is percentage of Public Expenditure on education?

The analysis shows that percentage share of State government expenditure on education has declined and the share of the central government has increased. The share of public expenditure on education has been less than 5 percent as a proportion of GDP.

When did the government start spending on education?

Taking period from 2001-02 to 2014-15, we have analysed the expenditure on education at various levels, in aggregate as well as separately for the centre and the state’s government. The paper explores the trends on planned and non-planned expenditure on education.