Question
Consider the following: I.National Education
Policy 2020 (NEP 2020) unequivocally endorses and envisions a substantial increase in public investment in education by both the Central government and all State Governments to reach 6% of GDP. II.The Education Ministry has increased the budget allocation by 13.68% from 2020-21 to 2023-24. III.Budgeted Expenditure on Education 2018-19 to 2020-21, total expenditure on education as a percentage of GDP has shown decreasing trend and for the year 2020-21 it is 4.64%. Which of the following statement is/are correct regarding “Education budget”?Solution
National Education Policy 2020 (NEP 2020) unequivocally endorses and envisions a substantial increase in public investment in education by both the Central government and all State Governments to reach 6% of GDP. The Education Ministry has increased the budget allocation by 13.68% from 2020-21 to 2023-24. Budgeted Expenditure on Education 2018-19 to 2020-21, total expenditure on education as a percentage of GDP has shown an increasing trend and for the year 2020-21 it is 4.64%.
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