Thursday, July 9th, 2020

Post Budget Reactions from FICCI Higher Education Committee

Post Budget Reactions by Dr Rupamanjari Ghosh, Co-chair, FICCI Higher Education Committee

INVC NEWS      
New Delhi,

“Budget-2020 lays emphasis on teacher empowerment and skills development, the need for which cannot be overemphasized. However, higher-level skills required for future jobs should be integrated with an agile Higher Education framework. We look forward to the new National Education Policy being implemented, the draft of which has suggested several futuristic and transformational measures. The new economy will be based on new-age technologies, and we appreciate the government’s move to dedicate INR 8,000 crores for the National Mission on Quantum Technologies. This will boost quality research & innovation on the exciting and difficult topics of Quantum Computing, Quantum Communication, etc. at Indian universities, including top-notch private institutions. I was expecting some bold measures to explicitly promote private philanthropy to meet the GER (Gross Enrolment Ratio) target for Higher Education. For example, universities should be allowed to creatively invest their endowments...We hope the outlays proposed will pave way for a more enthusiastic participation from the industry to drive the Higher Education ecosystem in India.”

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