Saturday, November 7, 2009

India’s spending on education leaves a lot to be desired.

At least when it comes to a comparison with its developed and developing peers, India has some way to go in this regard, as is depicted in today’s chart of the day. India’s spending on education as a percentage of government expenditure stands at 10.7% as against 14.5% and 12.9% for Brazil and Russia respectively.

Being surrounded by politically unstable nations means that India has to keep aside a huge chunk of revenues for defence. Populism and fear of losing vote banks has made Indian governments reluctant to do away with subsidies. Then there are salaries of government employees and interest expenses to take care of. That does not leave much for spending on social sectors such as education, healthcare and infrastructure all of which is critical for any nation’s long term growth.

Data Source: United Nations Human Development Index
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2 comments:

  1. Vikas SharmaNovember 8, 2009 at 10:17 PM

    It's true that Government is really taking a great initiatives than compare to other sector.This is the prosperous indication for Indian sovereignty.Nice one with info. of Education.

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  2. Hitesh AjmeraNovember 9, 2009 at 11:05 PM

    Thank you Vikas and i agree with your sentence and Indian Government really looking after specially this sector which will helpful and and give great return on their investment.

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