Nirmala Sitharaman announces Rs 99,300 crore for the education sector in the 2020-2021

Nirmala Sitharaman announces Rs 99,300 crore for the education sector in the 2020-2021

Finance Minister Nirmala Sitharaman announced an allocation of Rs 99,300 crore for the education sector in the 2020-2021 Union Budget speech Saturday.

She said the government would introduce foreign direct investment (FDI) in the sector.

The Union Budget for 2020-21 is being presented amid an economic slowdown, high inflation, falling productivity in key labour industries and a 42-year-high unemployment rate.

The budget announcement follows a downgraded growth prediction from the International Monetary Fund (IMF).