02-27-2015, 03:46 PM
The Ministry of Human Resource Development, which is responsible for school / higher education and adult literacy is growing richer every year, but still represents only 5% of government spending of about Rs 17 lakh million rupees ($ 289 million). I could still think a country of 282 million illiterate people and the ambition to become a major world economies require more investment in education. MHRD, in the last year, was ranked 5th with only 4.6% of total central government budget allocated to education. Ministry of Finance topped the list (35%), followed by the Ministry of defense (16%), Ministry of Power (6%) and the Ministry of Rural Development (4.7%).
The first estimate for the Narendra Modi - led government did not see much change in the allocation of MHRD, according to 6% GDP spent on the manifest as khanate. Presentation February 28 budget Arun Jaitley reveal if the Janata now intends to do what he says. Average spending on education worldwide was 4.9% of GDP in 2010 while India spent only 3.3% of GDP, according to World Bank data. The low spending on education is clearly reflected in the low literacy rate in India India as literacy remains a big challenge for India, even after six decades of independence.
The literacy rate has steadily improved, but many people are still illiterate. Since the government has focused on skill development, the challenge is to improve the performance of infrastructure and education to monitor large scale.