2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4%
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6%
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2%
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5%
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Detailed explanation-1: -"If we want the allocation for the education sector to reach six per cent of the gross domestic product (GDP) by 2030, we must have at least a 50 per cent increase year-on-year (YoY). With this estimate, the upcoming Union Budget should allocate Rs 1, 50, 000 crore for the education sector.
Detailed explanation-2: -Kothari Commission (1964-66) is also known as Indian/National Education Commission. In 1964, the Kothari Commission had recommended a 6 % allocation of GDP, a policy recommendation endorsed by the National Policy of Education, two decades later in 1986.
Detailed explanation-3: -The Economic Survey 2019-20 noted that the expenditure on education by the centre and the states as a proportion of the Gross Domestic Product (GDP) has been around 3% between 2014-15 to 2018-19. The National Policy on Education 1968 recommended the spending on Education to be 6% of GDP.
Detailed explanation-4: -Budget Allocation for FY 2023-24 in the Flagship Scheme of Samagra Shiksha has increased by Rs. 70.11 cr(0.18%) from Rs. 37383.36 cr in BE 2022-23 to Rs. 37453.47 cr in BE 2023-24.