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Ashoka Founder Pranav Gupta – Budget 2023 will make India a knowledge-based economy
New Delhi (India), February 10: The development of a knowledge-based economy is a prominent goal for governments and policymakers since it is seen to contribute towards better productivity and economic growth. Finance Minister Nirmala Sitharaman announced Union Budget 2023 which allocated 1.12 lakh crores for the education sector, the highest in decades. Pranav Gupta Ashoka […]
New Delhi (India), February 10: The development of a knowledge-based economy is a prominent goal for governments and policymakers since it is seen to contribute towards better productivity and economic growth. Finance Minister Nirmala Sitharaman announced Union Budget 2023 which allocated 1.12 lakh crores for the education sector, the highest in decades. Pranav Gupta Ashoka University Founder commended the Budget for being inclusive, focusing on the needs of the people, and encouraging progress. “It is an all-encompassing framework for India’s future, one that will significantly advance education, skill development, infrastructure, and entrepreneurship. The aim of making India a knowledge-based economy can be significantly achieved through such revolutionary steps,” states Pranav Gupta Ashoka University Founder
This budget has allocated adequate funding for higher learning, research and innovation, and skill building. Additionally, it seeks to foster innovation in the educational field and improve the standard of teaching and learning. It also seeks to ensure that all segments of society have access to quality higher education. The government intends to establish new colleges and universities with an emphasis on research-based education and technological development.
Furthermore, the budget includes initiatives to address the digital gap between rural and urban regions through the launch of new programmes like the Digital India Education Mission. Along with that, it includes measures for the establishment of specific training programmes for teachers and the provision of scholarships for students from economically disadvantaged groups. It is anticipated that all of these initiatives would help India establish a knowledge-based economy that will promote economic expansion.
