The Business Guardian
|
February 02, 2026
With education and skilling placed at the core of India’s long-term growth strategy in the Union Budget 2026-27, the government has allocated Rs 1.39 lakh crore to the education ministry, marking an 8.27 per cent increase over the previous financial year.
The allocation accounts for around 2.6 per cent of the total estimated expenditure of Rs 53.5 lakh crore for 2026-27. Presenting the Union Budget in Parliament, Union Finance Minister Nirmala Sitharaman announced a slew of measures for the education and skilling sector, including the development of five University Townships, establishment of veterinary and para-veterinary colleges, setting up Animation, Visual Effects, Gaming and Comics (AVGC) Content Creator Labs, and creation of a National Institute of Hospitality.
This story is from the February 02, 2026 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In