Public Expenditure on the Education Sector in India.

Education is a powerful weapon and an essential component of the social sector. Education can change the social stigmas attached to society through the process of learning. It has an ancient tradition in India, and the ancient roots of education in India can be traced back to the times of the Vedas, from 1500 to 500 BC. Education expenditure has been regarded as an asset because it acts as an investment in human capital. The increasing demand for education in India, coupled with a lack of public expenditure on education, has been resulting in increasing private expenditure on education, which in turn has far-reaching consequences for access and affordability to education. In developing countries like India, since its independence, the government of India has given more importance to education and educational sectors to uplift its people. The future of the budding generations around the world is dependent on education and educational bits of knowledge. In the present study, an attempt is made to analyze the government's expenditure on education in different states of India. In the state of Karnataka, it is found that the per capita expenditure on education gradually increased, but after some years, the expenditure pace changed and increased rapidly. The per capita expenditure on education in states like Sikkim, Goa, Arunachal Pradesh, Nagaland, Uttarakhand, and NCT Delhi has been higher compared to the lowest expenditure states like Bihar, Jharkhand, Telangana, and Madhya Pradesh. The study found a noticeable regional imbalance among the Indian states in per capita expenditure on education has been found, but the trend remains the same over the years. [ABSTRACT FROM AUTHOR]