A few points about these government funds for education. For primary and secondary education, these funds have to be given as grants. For tertiary education, for higher education, these funds have to be given as loans which have to be repaid once the person is employed.
So the key point here is that government should not be in the business of running schools or colleges. It should not fund schools either. It should fund students. And that will make a big difference. Among all the challenges that India faces, as it seeks to transform itself, perhaps none is more important than education.
To summarise, the 3 key messages which I want to share: a new set of skills are needed for success in our world which is information and internet access. The world is changing and I think the skills that are needed to succeed are going to be a different set of skills going forward, and a wider dimension of skills. Technology is not the answer to problems that are not technological in nature. The government’s primary business should be funding students – not schools.