CBSE 2020 Class 12 Economics Delhi Set 1

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Question : 46
Total: 46
"Economists believe that India should spend atleast 6% of its GDP on Education for achieving desired results."
Justify the statement with valid reason.
Solution:  
In 1952 , we were spending meager 0.6% of India's GDP on education that rose to only 4% in 2014 . This has fallen well short of 6% target as proposed by the Education Commission in 1964. Moreover throughout this period the increase in education expenditure has not been uniform and there has been irregular rise and fall.
This shows the apathy of government towards investment in the education system. If the recommended 6% p.a. of the GDP would have been spent properly the present education system would have reached unforseen heights.
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