ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4%
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5%
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6%
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7%
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Detailed explanation-1: -The Education Commission in 1966 had recommended that at least 6% of GDP should be spent on education in India.
Detailed explanation-2: -In 1964, the Kothari Commission had recommended an allocation of 06 percent of Gross Domestic Product (GDP) but unfortunately India never spent 06 percent of GDP on education since Independence. There has always been inadequate investment on education in India.
Detailed explanation-3: -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-4: -From the year 1952 to 2014, the total government education investment grew from 7.92 % to 15.7 %. The education expenditure of GDP states the total amount of income being invested in the development of education in the country.