GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What percentage of GDP ( approximate) was spent on education during the year 2011-12?
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4% of GDP
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5% of GDP
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6% of GDP
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7% of GDP
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Explanation:
Detailed explanation-1: -In 2011-12, spending on education was 3.2 per cent of the GDP, which stood at 2.8 per cent in 2018-19.
Detailed explanation-2: -It fell in 2014-15 to 2.8% and registered a further drop to 2.4% in 2015-16. Government expenditure on education, as a percentage of the GDP, has been decreasing consistently even though public investment in social infrastructure is considered critical to economic progress.
Detailed explanation-3: -He said, public expenditure on education was 4.07 percent in 2014-15 which has grown to 4.39 percent of GDP in 2019-20.
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