The 66th survey round of the National Sample Survey Organisation (NSSO) reveals that between 1999 and 2009, spending on education in general jumped by 378 percent in rural areas and 345 percent in urban areas of the country. The survey further reveals that spending on children’s education underlines a sharp increase– 63 percent for rural and 73 percent for urban families.
The total educational loan amount outstanding is Rs 42,808 crore for the year ended March 2011. The number was Rs 27,729 crore in March 2009. The number of education loan accounts rose to 23,00,000 from 18,00,000 two years ago.
However, if we measure the expenses on education as a percentage to GDP, India lags behind some major countries like the US, UK, France and even countries like Malaysia, Thailand and Chile.
The total educational loan amount outstanding is Rs 42,808 crore for the year ended March 2011. The number was Rs 27,729 crore in March 2009. The number of education loan accounts rose to 23,00,000 from 18,00,000 two years ago.
However, if we measure the expenses on education as a percentage to GDP, India lags behind some major countries like the US, UK, France and even countries like Malaysia, Thailand and Chile.