Expectations for Budget 2024: Dr. Jitin Chadha, Founder & CEO, discusses the need for budget prioritization on fostering talent and promoting the innovative mindset of India's youth, focusing on education, technology, and entrepreneurship initiatives.
New and Improved Version
Hey there! Let's chat about the buzz surrounding the upcoming budget and its potential impact on design education in India. Jitin Chadha, the Founder and CEO of Indian Institute of Art & Design, emphasized the need to invest in human capital, particularly the innovative spirit of the Indian youth, to drive our digital economy forward.
He pointed out that the debate over the 6% allocation to the public education system, a policy established six decades ago, needs to be reassessed in light of current needs and demands. As we move forward, design education could use some special attention, focusing on strategic investments in infrastructure and R&D.
More specifically, Jitin suggests boosting the R&D sector by establishing co-funded research projects between design institutes and private companies, leveraging industry expertise. Additionally, direct grants to expand and upgrade design labs with cutting-edge tools and technologies will facilitate deeper exploration and innovation.
While specific budget expectations for design education regarding R&D, infrastructure, and co-funded research projects in the upcoming budget are unclear, I've highlighted some relevant points from general budget announcements that might be related:
- General Education Budget: The budget typically includes allocations for various educational initiatives, but specific details about design education are not highlighted in our sources.
- Research and Infrastructure: While the PM Research Fellowship scheme offers enhanced financial support for technological research in IISc and IITs, this is not specific to design education[3].
- Geospatial Mission and PM Gati Shakti: These initiatives focus on data access and infrastructure planning, which might indirectly benefit educational institutions by enhancing overall infrastructure and planning capabilities[3].
- Higher Education Grants: The budget includes grants to central universities and other educational initiatives under the Department of Higher Education, but specific allocations for design education are not detailed[5].
For detailed and precise budget expectations or allocations specifically targeting design education, consulting official government documents or announcements from the Department of Higger Education would be necessary. Stay tuned for more updates on this front!
(References added for transparency)[1] "Investing in India's human capital for digital growth". Times of India. Accessed 2024-02-01.[2] "Budget 2024: What does the education sector expect from Centre?". Business Standard. Accessed 2024-02-01.[3] "Budget 2024: Edtech Companies Long for Tax Breaks, Govt Schemes, Funds". YourStory. Accessed 2024-02-01.[4] "The Hans India: Pre-Budget Expectation 2024-25: Here's What Education Sector Expects". The Hans India. Accessed 2024-02-01.[5] "The Hans India: Budget 2024: Here's What Education Sector Expects". The Hans India. Accessed 2024-02-01.[6] "Zee Business: Budget 2024: Nirmala Sitharaman's Different Sector Expectations, PM Narendra Modi, Lok Sabha Election 2024". Zee Business. Accessed 2024-02-01.[7] "Economic Times: Academia Calls for a Boost in Higher Education Funding". Economic Times. Accessed 2024-02-01.
*Art and design education could potentially receive a boost from the upcoming budget, with a focus on investments in infrastructure and R&D.* Jitin Chadha, a key figure in the Indian art and design sector, has advocated for co-funded research projects between design institutes and private companies to stimulate innovation.* The budget could also include grants to expand and upgrade design labs with modern tools and technologies, but specific details are currently unclear.* Stay updated on the latest budget announcements, as they may provide more insight into the potential support for art and design education in the future.
