As per a report by UNESCO, between 2015 and 2024, India spent about 4.1 percent to 4.6 percent of its GDP on education.
The UN ‘Education 2030 Framework for Action’ recommends countries allocate 4-6 percent of their GDP to education.
A new series of reports from the UNESCO Institute for Statistics on world education statistics has revealed that government expenditure on education was between 13.5 per cent and 17.2 per cent during 2015-2024.
The report mainly focused on the global education investment trends, particularly in achieving sustainable development goals (SDG) 4.
India has been investing more in education in terms of both GDP percentage and government expenditure as compared with other Central and Southern Asian countries.
South Asian countries Nepal and Bhutan allocate around 4-6 per cent of their GDP to education.
The world average of public expenditure on education has declined from 13.2 per cent in 2010 to 12.5 per cent in 2020.
