Budget 2024 expectations Live: More measures aimed at enhancing STEM education expected

“Looking ahead to the final budget for 2024, we anticipate more measures aimed at enhancing STEM education, expanding digital infrastructure in rural areas, and raising educational standards to meet global benchmarks. Building on progress from the interim budget, which focused on boosting STEM education and digital literacy, the upcoming budget aims to further reduce educational disparities with targeted programs for underrepresented groups.

The interim budget made significant strides by emphasizing gender inclusivity in STEM education, where 43% of enrolled students were women, showcasing progress in educational equity. Notable changes included a proposed reduction in GST rates on educational goods and services from 18% to 5%, aimed at making education more affordable. Additionally, the selection of 14,500 schools for upgrades under the Education Policy 2020 showcased a commitment to modernizing educational infrastructure.

It also allocated substantial funds for digital teaching resources, ICT upgrades, and initiatives integrating advanced technologies like AI and VR into school curricula. These efforts set a foundation for anticipated developments in the sector.

The upcoming National Education Policy is likely to prioritise digital literacy and effective edtech utilisation, with a focus on expanding digital infrastructure in rural communities to bridge educational disparities. Public-private partnerships will continue to play a crucial role in enriching educational experiences through enhanced collaborations and incentives for ed-tech firms. Strategic investments in R&D, state-of-the-art laboratories, and ICT infrastructure upgrades will be pivotal in preparing India’s youth for future challenges in a technology-driven world.

As India continues to progress towards becoming a knowledge-based economy, these strategic investments in education will be pivotal in shaping a skilled and competitive workforce capable of driving sustainable growth and development,” says Anurag Gupta, Co-Founders of STEMROBO.