The Union Budget 2023-24 was presented by the Finance Minister, Nirmala Sitharaman on 1st February. The Industry leaders from the Education and Healthcare sector share their views and reaction to the Budget with ArdorComm Media. Dr. Madhu Chitkara, Pro-Chancellor, Chitkara University, Punjab shares her views on Budget 2023 with the following pointers: Union Budget 2023 with clear focus on research and upskilling set the ball rolling. We welcome step of establishing national digital library for children and adolescents for covering learning loss during pandemic. Recruitment of 38,800 teachers and support staff for the 740 model Eklavya Model Residential Schools which are serving 3.5 lakh tribal students will bring them into mainstream and strengthen nation’s commitment to social equality. Mention of Teacher Training, Capacity Building and Culture of Reading are the newest and welcoming steps for education sector. 30 Skill Indian International Centres, Industry players to partner with educational institutions will strengthen “Make in India” initiative. Launching new three centres of excellence for artificial intelligence is not the only reform needed. Access and Outreach of these centres to all kinds of HEIs will determine its success. Rupak Barua, Group CEO, AMRI Hospitals; Chairman, CII Healthcare Committee (Eastern Region), and President, Association of Hospitals of Eastern India says, “The Union Budget 2023, presented by Union Finance Minister Ms Nirmala Sitharaman on 1st February, has mostly been a positive and balanced budget for the healthcare sector, addressing some crucial areas like research & development, skills training, raising awareness of a hitherto ignored disease like sickle cell anaemia, stress on nutrition, and a focus on large scale digitalization, among other things. The Budget outlay pointed at a willingness on part of the Government to plan a roadmap in the right direction that will eventually benefit the country’s healthcare sector. While the increased budgetary allocation of over 13 percent is expected to help develop better healthcare infrastructure, both in terms of instrumentation and human resources, a stress on R&D, and the understanding to allow research in the PPP mode will largely help in reaching India’s millennium goals. However, the sector had expected some tax break for medical devices, and would have welcomed a reconsideration of GST imposition on beds at private hospital above a certain tariff, since these would go a long way to relieve the burden of high medical bills on the common man. Also, some provisions to help in proliferating the scope and awareness of health insurance would have also been an even more positive move, since this would help reduce out-of-pocket expenditure for patients.” Kanak Gupta, Group Director, Seth M.R. Jaipuria Schools shares his reaction to the Budget by saying, “Hon’ble Finance Minister has taken a leaf out of Schools’ books: she continues to present the budget paperless, completely digital. This was perhaps a tip of the hat to millions of teachers who shifted to in-person education of children when the pandemic struck: from face-to-face at School building to face-to-device, and now in a phygital manner, trying to make the best of both worlds. Delighted to hear about quantitatively strengthening of schools and Higher-ed The first Budget proposed under Amrit Kaal is revolutionary in many ways and encompasses 3 major themes: care, green, and digital. Again, a theme which concurs with most Schools where there has been impetus on SDG (Sustainable development goals), SEL (socio-emotional learning) and 21st century skills with focus on digital. I do believe that we have capabilities in the country to provide learning & development of the highest level, at par with anywhere in the world. Glad that FM spoke about upskilling of teachers, the most essential element of the pedagogical interactions at Schools. There is spending in this Budget. We require that. I had said recently that it would take a brave FM to outlay 6% of GDP to education. Notably, this is the highest allocation granted to the ministry ever. School Education Department’s outlay stands at ₹68,804.85 crore, while the Higher Education Department has been allocated ₹44,094.62 crore, a positive step, and hopefully we’ll come close to the desired spending levels. Even to meet the requirements as laid out in the NEP2020, there is infrastructure required. For sustainability and growth, there are investments required. Being the year that was with the schools just coming out of pandemic, uncertainty looming large and schools progressively marching towards Next-Gen learning, there have been massive expenses and even greater revenue losses. The strange stance taken by certain segments of society not paying fees has hurt millions of educators and schools whose livelihood depends on the fees payment by parents. The Indian education system has always complained about the non-availability of quality teachers. The current impetus on recruiting a large number of teachers and creating a sustainable teachers’ training programme equipping them with multilateral skills will go a long way in improving the quality of education in Indian schools. Focus on culture of reading is a game changer, and a nod to the emerging AI tools with ‘Make AI work for India’. Nationwide apprenticeship program, PMKVY 4.0 will empower and inspire countless young people. I was hoping for greater collaborations of Government with private players, focus on governance, and ease of running that will be beneficial to the sector. Perhaps skilling focus is a step in the right direction with more to come. I am a strong believer that the future of the country is knowledge-led, technology-enabled, with more and more communication in vernacular languages. Most of the good, some of the expectations lacking, but an aspirational budget with focus on growth. Greater collaborations with private players, focus on governance, and ease of running is beneficial to the sector. Overall, a 7.5/10 budget, plus brownie points for the FM for focus on reading, upskilling, and AI!” Dr. Prabhat Ranjan, Vice Chancellor, D Y Patil International University (DYPIU), Akurdi, Pune says, “We are in the age of Artificial Intelligence (AI) and it has now moved from the hands of experts to common people with generative AI e.g ChatGPT. I am happy