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The National Education Policy 2020 has set the target to increase public investment in the education sector to reach ______ percent of Gross Domestic Product (GDP) at the earliest.
1. 8
2. 7.5
3. 6
4. 7

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Correct Answer - Option 3 : 6

The correct answer is 6.

  • The National Education Policy 2020 has set the target to increase public investment in the education sector to reach 6 percent of Gross Domestic Product (GDP) at the earliest.

  • After almost three decades, the government is ready to transform the country's education system by making some impactful suggestions.
  • While the National Education Policy 2020 (NEP 2020) aims at making India a global knowledge superpower by providing high-quality education to all.
  • Some of its targets look ambitious going by its past performance, although it doesn't mean that one rules out potential success in the future.
  • The policy focuses on almost doubling the Gross Enrolment Ratio (GER) in higher education, including vocational education, from 26.3 per cent to 50 per cent by 2035.
  • NEP 2020 has set the target to increase the public investment in the education sector to reach 6 percent of Gross Domestic Product (GDP) at the earliest.
  • Currently, the expenditure on education by centre and states as a proportion of GDP is 3.1 percent in 2019/20 (budget estimates) and has inched up by a meagre 30 basis points in the past six years.

  • Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.
  • As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country's economic health. 
  • The real GDP in the financial year 2021-22 is estimated to be ₹ 148.2 lakh crore.
  • Which is 10.7 per cent lower than the fiscal year's trend value.
  • The revision of the economic growth assumes that the second wave will begin to subside by mid-May 2021.

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