Thursday, July 9, 2020
Home Articles What Budget 2019 Should Do for Education and Skills Development

What Budget 2019 Should Do for Education and Skills Development

How can Indian education be reformed to boost employability skills and make youth agile to adapt to changing labour market forces?  Will the upcoming Union Budget have the necessary workforce forethought in shaping current and future skill development policies? A modern education is one which builds skills along with degrees. Notwithstanding a fresh injection of capital of over 19% for national education in the provisional Budget, it is still only 3% of GDP. In contrast, education spend is 5%-7% of GDP in developed countries. Besides increasing education funding, what other areas should the Budget focus on, especially in skills-based vocational learning? How can the Sector Skills Councils align vocational training with industry need? What role do Skill Universities and community colleges play in imparting quality vocational education? India Inc. has upped its CSR spend on vocational skills training significantly in recent years. But what more can be done especially on ‘training the trainer’? Find out what Anindya Mallick, Partner, Deloitte India has to say.

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