Q29 of 34 Page 1

‘Education Commission 1964-66 had recommended that at least 6 per cent of GDP must be spent on education’. How far India has been able to achieve the said goal? 3

In India investment on education sector is very low. As per the facts, in 1952 India spent only 0.6% of its GDP on education that rose to only 4% in 2014. There is no uniformity or consistency on education expenditure. There is no significant increase in the education expenditure. This has fallen short of 6% target as proposed by the Education Commission 1964.

This shows the true picture of the government and even represents that education is no considered as an important part of development of an economy. If the government spends 6% of GDP on education with utmost planning and care then present education system will rise and gets better.


More from this chapter

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27

Introduction of Economic Reform in Pakistan took place in……………1 (Choose the correct alternative)

 28

“Recently Indians have drifted away from the traditional knowledge and practices and caused large scale damage to environment”.

Explain how, adopting the traditional practices can be helpful in achieving the objective of sustainable development?


Or


‘Power sector in India has major issues with its installed capacity’. Discuss the given statement. 3


 30

‘The opening up of the Indian Economy has led to a rapid increase in Foreign Direct Investments and Foreign Exchange Reserves of the country’. Defend or refute the given statement.

 31

Define the following terms

a) Disinvestment b) Import Substitution


OR


Define the following terms


a) Outsourcing b) Quota