Thrift in education?4 min read 12 May 2016, 12:06 AM IST
Many states underfund actual requirement by hiring teachers at much lower salaries with short-term contracts
How much should India spend on education? The Education Policy of 1968, based on the recommendations of the Kothari commission (1964-66), decided that Indian public expenditure on education must be 6% of gross domestic product (GDP). This goal was reaffirmed in the New Education Policy of 1986 and its revision in 1992, with a suggestion that every attempt must be made to go beyond 6%. There has been no comprehensive education policy articulated since then, but each successive government has on multiple occasions reaffirmed this goal of spending 6% of GDP on education. For the sake of clarity: “spending" and “expenditure" includes both operating and investment spends.
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