A new financial year around the corner
India’s Finance Minister recently announced his 2015-16 budget. The budget announcement was eagerly anticipated by the education and academic sector, which recognizes that India will need to make major investments in training and education to support a workforce that could produce aggressive economic growth. Although the minister reduced the overall allocation to the education sector, he increased the allocation to higher education by 22%. Digital education, skills development, new IITs and IIMs, were all given mention in the minister’s speech.
Here’s how the industry reacted to the budget recommendations: Budget
(Courtesy of Sannam S4)