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Budget 2022 is round the corner. It is a very significant occasion as it is hoped to bring Inda out of the throngs of lockdown and take it further towards progress.
EduTech leaders have expressed their expectations from this Budget.
“The pandemic has resulted in a tremendous learning loss for students across the country. As children return back to school in phases, it is essential that the Government sets up programs to bridge this learning gap. One step in this process would be a robust program to train teachers on how they can work with students to bring them at par with the expected learning levels of their grade. In order to facilitate this, the Government must allow partnerships between private players to be a part of educational governing bodies to ensure a greater reach for upskilling programs in the government sector for teachers. Partnerships will ensure that all teachers across the country are trained before the next academic year begins and each school can plan a few weeks of a bridging course at the beginning of the year. Along with this, reduction in the GST slab for teacher training will help make these trainings accessible to all teachers. We hope that the educational reforms in Budget 2022 will result in more effective reach and aid in achieving the goals of an inclusive and Atmanirbhar education system.”
--Surabhi Goel, CEO, Aditya Birla Education Academy, Aditya Birla World Academy
Varun Chopra, CEO, Eduvanz says, "India has seen unprecedented growth in the EdTech and FinTech sectors in the last few years. With an increasing demand for upskilling and reskilling in the pandemic era, FinTech companies and the NBFCs are playing a huge role in making finance accessible for learners across the country. The government's support and efforts to further boost the EdTech sector will benefit the end consumers in a big way. With organisations looking to hire a more skilled-based workforce who are job-ready along with having a degree, the sector will continue to grow at a steady pace."
"The government's support and efforts to further boost the EdTech sector will benefit the end learners in a big way."
--Varun Chopra, CEO, Eduvanz
He continues, "Last year’s budget announcement made room for a reduction in minimum loan sizes which helped both organisations and individuals. We hope that this year’s budget will include allowances for Non-Banking Finance companies, helping us to expand and maintain cash liquidity in this competitive ecosystem."
"We should do Academic Year 2022-23 as one where the government is encouraging and enabling foundation strengthening on core subjects like Maths to help kids who have slipped to come back. Especially for low income but high potential kids."
--Vivek Sunder, CEO, Cuemath
Vivek Sunder, CEO, Cuemath says, "Given 2 years of pandemic and school closures, a whole generation of young kids would have messed up fundamentals and been passed to the next grade. We should do Academic Year 2022-23 as one where the government is encouraging and enabling foundation strengthening on core subjects like maths to help kids who have slipped to come back. Especially for low income but high potential kids."
"Amid accelerating digitisation in education, the Union Budget should also prioritise strengthening IT infrastructure ahead of the 5G rollout. Edutech startups are playing an instrumental role in sustaining learning amid the pandemic. Hence, access to funding and networking avenues for edtech startups will further propel the sector. Moreover, slashing the GST rate in online education services and strengthening data protection will help reap the benefits of E-learning,"
--Rohit Manglik, CEO, EduGorilla
With the forthcoming Union Budget to be announced on February 1, different industries and sectors have huge expectations as the country hopes to recover from the pandemic-induced economic shock. Some sectors of growth are recovering quickly while others are still grappling with the effect of yet another wave in the country. In terms of education sector, the pandemic has not only led to student’s current learning losses but also invariable impacting their future. In India, around 250 million students were affected due to school closures at the onset of lockdown induced by COVID-19. Further shocks are caused to the system with schools forced to shut down again, and the transition of students and teachers to online teaching-learning has become crucial, not only in urban but also the rural areas.