Latest Posts

Loading...

Wednesday, May 16, 2012

Expenditure on Education

The percentage of Gross Domestic Product (GDP) spent on education during 2009-10 is 3.85%. The expenditure on education in India was Rs. 235996.22 crore (BE) during 2009-10. As per the figures published by UNESCO Institute of Statistics (UIS) in its publication titled, “Global Education Digest 2011”, contribution of education in Gross Domestic Product in some of other countries were U.S.A. (5.5.%), U.K. (5.4%), Japan (3.4%), Australia (4.4%), Russian Federation (4.1%), Egypt (3.8%), Azerbaijan (2.8%), Georgia (3.2%), Tajikistan (3.5%), Hong Kong SAR of China. (4.5%), Thailand (4.1%) , Peru (2.5%), Jamaica (6.2%), Pakistan (2.7%), Bangladesh (2.4%), Ethiopia (5.5.%), United Republic of Tanzania (6.8%) and Zambia (0.8%) during 2009.

During XI Plan, a substantial increase was made in Central Plan Allocation to augment the funds for education sector. This substantial increase in Central Plan Outlay for Education represents a very substantial effort on the part of the Central Government towards raising public spending on education.

This information was given by the Minister of State for Human Resource Development, Shri E. Ahamed, in written reply to a question in Lok Sabha today. 
Source : PIB, May 16, 2012

No comments:

Post a Comment