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Union Budget comment

Prof. Debashis Chatterjee, Director, IIM Kozhikode said:

“The Finance Minister has promised in the budget speech that the New Education Policy will be announced soon. The current policy is several decades old and the new policy is expected to introduce fresh ideas, particularly on the use of technology, modern teaching pedagogies and experiential learning.

The proposal to allow FDI in education sector does not worry us as IIMs have always benchmarked themselves against global standards of teaching and learning. However we need to wait for the full details of this policy to see whether it would mean global schools and colleges opening campuses in India or simply foreign capital getting invested in Indian private institutions.

I am happy that the budget has proposed online educational programmes as the time has come to leverage technology to provide “value for many” instead of just “value for money”

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