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Budget 2020: Let’s grow both #Edtech and skill-tech SPONSOR: BetterU Education Corp. $BTRU.ca $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 10:30 AM on Monday, January 20th, 2020
SPONSOR:  BetterU Education Corp. aims to provide access to quality education from around the world. The company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated ecosystem. Click here for more information.

Budget 2020: Let’s grow both edtech and skill-tech

  • B-Schools, and the education industry in general, expect Budget 2020 to offer robust remedial solutions that are aligned with the vision of creating a thriving education ecosystem
  • We hope the government will roll out incentives to provide impetus to the activities and subsequently to the growth of edtech as well as of skill-tech enterprises

By Vibhava Srivastava

Budget 2020 India: In Union Budget 2019, finance minister Nirmala Sitharaman proposed the New Education Policy (NEP) that acknowledged the importance of promoting skill development through schools as well as higher education with an emphasis on technology, including machine learning, artificial intelligence, big data analytics. The draft NEP 2019 envisioned preparing students not only to seamlessly merge with the workforce of tomorrow, but also to be in sync with evolving needs of Industry 4.0.

However, the said draft has a number of missing dots. It neither addresses current challenges (structural unemployment, decreasing job security, rise of gig economy), nor it suggests any mechanism to overcome these challenges. The upcoming Union Budget is an opportunity for the government to right its past wrongs.

B-Schools, and the education industry in general, expect Budget 2020 to offer robust remedial solutions that are aligned with the vision of creating a thriving education ecosystem. We hope the government will roll out incentives to provide impetus to the activities and subsequently to the growth of edtech as well as of skill-tech enterprises. Such incentives along with funding provisions will create space for collaboration amongst the eminent B-Schools and industry. This will provide a boost to the industry’s sluggish growth.

The author is assistant professor, Marketing, MDI Gurgaon

Source: https://www.financialexpress.com/budget/budget-2020-lets-grow-both-edtech-and-skill-tech/1828323/

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