Economic Survey 2018 shows meagre 3% investment in education

WrittenBy:NL Team
Date:
  • Share this article on whatsapp

Indicating further withdrawal of the government from the education sector, the Economic Survey for the year 2017-18 released this week shows that states and the Union government together have invested less than 3 per cent of India’s GDP in education.

subscription-appeal-image

Support Independent Media

The media must be free and fair, uninfluenced by corporate or state interests. That's why you, the public, need to pay to keep news free.

Contribute

Government expenditure on education, as a percentage of GDP, has been decreasing consistently even though public investment in social infrastructure is considered critical to economic progress, The Indian Express said in a report.

The survey shows that six years ago – in 2012-13 – education expenditure was 3.1 per cent of GDP. It fell in 2014-15 to 2.8 per cent and registered a further drop to 2.4 per cent in 2015-16. Although there have been some signs of recovery since 2016-17 (2.6 per cent), expenditure on education hasn’t been restored to the 2012-13 level.

The Economic Survey also mentions unimpressive investment in social infrastructure, including sports, arts and culture. “Being a developing economy, there is not enough fiscal space to increase the expenditure on critical social infrastructure like education and health in India. However, given the limited resources, the government has consistently prioritised strengthening the educational and health profile of the population,” the survey states.

subscription-appeal-image

Power NL-TNM Election Fund

General elections are around the corner, and Newslaundry and The News Minute have ambitious plans together to focus on the issues that really matter to the voter. From political funding to battleground states, media coverage to 10 years of Modi, choose a project you would like to support and power our journalism.

Ground reportage is central to public interest journalism. Only readers like you can make it possible. Will you?

Support now

You may also like