As the country approaches the Union Budget 2025, it is necessary to prioritise higher education as a catalyst for economic growth and societal progress. A well-educated and skilled workforce is the backbone of a growing economy. I hope to see initiatives that empower institutions to cultivate future-ready professionals by narrowing the gap between academics and industry needs.
A key requirement is investment in education and research. Countries like Japan and China that have made the transition to developed status in the last 75 years have all invested in education. Our investment in education needs to increase to at least 3 – 5 % of GDP.
The government should consider increasing investment in skill development programmes aligned with the rapidly evolving job market.
Quality in higher education is also key to our future as a developed nation. We need to invest more in promoting quality research and training in higher education so we can aspire to be world class at scale.
Strengthening collaborations between academia and industries through internships and experiential learning opportunities can further prepare students for real-world challenges. Hereby, ensuring they contribute meaningfully from day one.
Pre-Budget Expectations: Higher Education & Research Sector
Enhancing Budget Allocation : A crucial step for Transformative Higher education
To build an inclusive educational ecosystem, greater emphasis on scholarships and financial aid is essential. It enables students from diverse backgrounds to access quality education. These efforts will democratise learning opportunities and ensure that talent and potential are not hindered by economic constraints.
Policy reforms aimed at modernising management education and bolstering infrastructure for higher learning can enhance India’s position as a global education hub. By aligning curriculum with emerging technologies and sustainability, we can prepare leaders who can navigate complexities and drive innovation.
This budget presents an opportunity to lay the groundwork for a robust, future-ready educational framework, one that equips students not just for employment but for leadership in a changing global landscape.”
