Prior to the budget announcement on February 1, 2022, the education sector stakeholders had high expectations from the budget of FY 2022-23. Given the effects of the pandemic (from March 2020 to March 2022) and the country’s struggle with under-education, these expectations are anything but unwarranted.
Para 46 of the budget speech commenced with “Due to the pandemic-induced closure of schools, our children, particularly in the rural areas, and those from Scheduled Castes and Scheduled Tribes, and other weaker sections, have lost almost 2 years of formal education. Mostly, these are children in government schools.” However, the subsequent paragraphs fell short of the promise implied in the opening lines. Consequently, though laudable, the announcements did not follow through with the resolutions and concrete measures that the stakeholders expected from the (Indian) government.
Please click here to read the full article by Sidharrth Shankar and Vidur Prabhakar, published in Outlook.
Sidharrth is the Co-Chair of the Corporate Practice at JSA. He specializes in General Corporate Commercial, Mergers & Acquisitions and Private Equity.