Union Budget 2024-25 Allocations for Education Sector and Research
February 2024
The Union Budget 2024-25 saw continued emphasis on education, with specific allocations aimed at strengthening research and innovation, particularly through the proposed National Research Foundation (NRF). While overall education spending saw an increase, the critical examination reveals that the percentage of GDP allocated to education still falls short of the NEP 2020 target of 6%. The budget's focus on skill development and technology integration is positive, but the persistent funding crisis in state universities and the need for greater investment in infrastructure and faculty development remain significant challenges. Vyyuha's trend analysis indicates that budgetary allocations are a key determinant of the pace of reforms.
UPSC Angle: Analysis of government spending on higher education, its adequacy, and impact on addressing funding, infrastructure, and research gaps. Role of NRF in boosting India's innovation ecosystem.