Can Money Solve India’s Education Woes?
In this essay, Rithika Nair looks at the under-performing education sector in India. She exaplains that sheer finance alone will be unable to rectify the structural problems of the system and that development will need to play a larger role in the future of India if it is to become a true world power for decades to come.
By Rithika Nair, 5th October, 2012
“Can an increase in allocation in the education budget, guarantee better quality of education?”
India is under-performing in education. Earlier this year, when the then Finance Minister, Pranab Mukherjee (who is now India’s President) declared the budget for the year 2012-2013, there rose a tumultuous wave of applause, and with that a tirade of criticism, as he allocated a budget of $11.9 billion (Rs. 61,407 crore) to education – an increase of 18% when compared to last year’s budget.1 The better part of the budget was in favour of primary education, with a relatively meagre amount of $2.9 billion (Rs. 15,438 crore) for the benefit of higher education.