Ahead of Budget 2023, India sees fall in education expenditure for first time in over a decade

For the first time in more than a decade, the government's annual spending on education has seen a dip, instead of its usual incremental growth, the Economic Survey 2023 shows. According to the report, which was tabled ahead of Union Budget 2023, the combined spending of the centre and state governments in the education sector dipped from Rs. 5.8 lakh crore in the financial year 2019-20 to 5.76 lakh crore in 2020-21.