Budget 2021: Manit Jain - Spends in the education sector need to go up substantially.

 

Mr. Manit Jain, Chairman, FICCI ARISE; Co-founder, The Heritage Group of Schools - In order to fulfil the objectives established by the National Education Policy, spends in the education sector need to go up substantially. 

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Given the economic crisis that we are in due to Covid and that there several competing social sectors that demand great attention, it is high time that the State and Central governments invite private capital to invest in education. This would mean higher investments through the private sector and FDI which could then be regulated by a government body.

 

Schools will only invest in post-Covid-19 technologies if there is some predictability in regulation and freedom of salaries, fees, and curriculum. We have been wishing for opening up and formalizing the sector and ensuring long term responsible and patient capital, giving the much- needed confidence to potential investors to invest in the sector and expect legitimate RoI as spoken about several times in the past.