Budget Reactions

Dr Santanu Paul, CEO and Managing Director, TalentSprint

“The 2021-22 Union Budget has been a letdown for edtech firms which performed extremely well during the pandemic and were revenue drivers. Platforms promoting hybrid and blended learning will play a pivotal role in accelerating reach in tier 2/3 towns and the government should have taken cognizance of this and provided special incentives. Home-grown edtech firms such as ours make a tremendous contribution to the tech industry in terms of providing job ready talent for future technologies. As an NSE group company, we welcome the allocation of Rs 1500 crore fund for digital payments as this will drive the need for more skilled talent in the fintech sector, and drive employment opportunities.

However, we welcome the announcement of collaborative training and inter-training programmes between India and Japan to facilitate the transfer of Japanese vocational and industrial skills, and the partnership with UAE to benchmark skilled qualifications. We expect such initiatives will be a game changer for industries. Building and collaborating on skill initiatives with other countries will bring new avenues for India’s youth who want to reboot their career. The setting up a Higher Education Commission (HEC) and allocation of Rs 50,000 crore  for the National Research Foundation over five years will help in raising the bar in the education system of the country which is fast evolving.”

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