Budget 2023 Expectations: Will This Union Budget Push India as the New Destination for Foreign Students?
2 years, 2 months ago

Budget 2023 Expectations: Will This Union Budget Push India as the New Destination for Foreign Students?

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The overall budget allocation in FY 2022-23 for higher education was Rs 40828.35 crore. The government has already brought the National Education Policy 2020, which proposes various reforms in school education as well as higher education including technical education. either exempt from GST or start levying the GST on sale of education books to enable the manufacturer to claim Input credit.” For technical education, K. A. Alagarsamy, director, Consortium for Technical Education, said that the budget is expected to boost funding for skill development and technical education, particularly for semi-employed youth, in order to support these efforts. Puneet K, President, The Narayana Group, too hoped that the government will increase allocation for higher education in the budget. Puneet added that the increase in funding should facilitate better infrastructure, financial aid, higher grants for research, and an investment in technologies such as AI and machine learning to improve overall quality of higher education.

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