The increased allocation towards education would have a positive impact on all the IT Education Companies as this would lead to higher ICT projects coming their way.
India is faced with a unique opportunity highest increase in working age (15-64) population over the next 20-30 years which can propel economic growth. India will account for 25 per cent of the global increase in workforce over the next 4 decades.
The United Progressive Alliance government on Friday launched a new centrally-sponsored education scheme to achieve its target of universal education by 2020.The Rashtriya Madhyamik Shiksha Abhiyan aims to enroll 75 per cent of students passing class 8 to secondary level education in the next five years. The scheme aims to enroll 100 per cent class 8 students to the secondary level by the end of the 12th Five Year Plan in 2017 to meet its target of universal education.
Given the oversupply and weak domestic demand, the paper and paperboard players will be unable to pass on the entire increase in duties, and will see a further drop in their EBITDA margins.
Education remains one of the key focuses of the new government.
Beti Bachao Beti Padhao is for protection and education of girl child
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