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Budget 2023-24 strengthens foundation of India’s education system: PM Modi



Skill and Education are the two principle tools during India’s Amrit Kaal and this year’s budget strengthens the foundations of the education system by making it more practical and industry-oriented, Prime Minister Narendra Modi said while addressing the post-budget webinar on ‘Harnessing Youth Power – Skilling and Education’ recently.

The Union Budget 2023-24 presented by Finance Minister Nirmala Sitharaman on February 1 set aside ₹1.12 lakh crore for education — the highest ever and an increase of around 8.2% than what was pegged in 2022-23.

The PM also stated that the Centre is adopting the “whole-of-government approach” to education and skilling. These are not limited to the ministry or department concerned but their possibilities remain in every sector,” he added. He emphasised that India is following the global trend of “on-the-job learning” with special focus on providing internships and apprenticeships to ensure “outside-the-classroom exposure” for youngsters.