{"id":305882,"date":"2024-07-29T19:34:02","date_gmt":"2024-07-29T14:04:02","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=305882"},"modified":"2024-07-29T19:34:02","modified_gmt":"2024-07-29T14:04:02","slug":"building-social-capital","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/building-social-capital\/","title":{"rendered":"Building Social Capital"},"content":{"rendered":"

Source<\/strong>-This post on Building Social Capita<\/strong>l has been created based on the article \u201cBuilding social capital – India needs to spend more on education and health<\/strong>\u201d published in \u201cBusiness Standard<\/strong>\u201d on 29 July 2024.<\/p>\n

UPSC Syllabus<\/strong>-GS Paper-2- Issues Relating to Development and Management of Social Sector\/Services relating to Health, Education, Human Resources.<\/p>\n

Context<\/strong> -The Economic Survey 2023-24 showed progress in health and education in India, crucial for economic growth. However, the Department of School Education and Literacy saw a small 0.73% increase, while higher education funding was reduced by 16%, resulting in an overall 7% decrease for the Ministry of Education.<\/p>\n

The combined social-sector expenditure of the Centre and states as a percentage of GDP has increased in recent years. This increase is primarily driven by improved spending on health and healthcare facilities.<\/p>\n

What is the significance of the Health and Education sector?<\/strong><\/h2>\n

1) Complementary Nature:<\/strong> – Health and education work together to boost living standards, productivity, and the effectiveness of human capital.<\/p>\n

2) Economic Growth: –<\/strong>Improvements in these areas are essential for steady economic growth, as shown by growth models.<\/p>\n

What are the issues?<\/strong><\/h2>\n

1) Global Comparison-<\/strong> Despite enhanced allocation in recent budget, India’s spending on education (2.7% of GDP) and health (1.9% of GDP) is still much lower than global standards.<\/p>\n

2) Need for Educational Reform <\/strong>-India wants to build top educational institutions, but the latest ASER report shows that over half of 14\u201318-year-olds struggle with basic division. This highlights the need for urgent improvements in education.<\/p>\n

Read More-<\/strong> Social Sector Allocations in Budget 2024<\/a><\/p>\n

3) Higher Education Specifics-<\/strong> Funding for autonomous bodies improved slightly, but the University Grants Commission (UGC) experienced a more than 50% budget cut compared to last year. This reduction could potentially hamper transfers to universities.<\/p>\n

What should be the way forward?<\/strong><\/h2>\n

A) Adequate healthcare funding is important for addressing health issues that impact productivity and for positioning India as a top destination for medical tourism.<\/p>\n

B) There is a need to Invest strategically in health and education sectors to meet higher sustainable growth over the long run.<\/p>\n

C)There is a need to focus on closing gaps in the educational System.<\/p>\n

Question for practice<\/strong><\/p>\n

Why are the Health and Education sectors important, and what problems do they face?<\/p>\n","protected":false},"excerpt":{"rendered":"

Source-This post on Building Social Capital has been created based on the article \u201cBuilding social capital – India needs to spend more on education and health\u201d published in \u201cBusiness Standard\u201d on 29 July 2024. UPSC Syllabus-GS Paper-2- Issues Relating to Development and Management of Social Sector\/Services relating to Health, Education, Human Resources. Context -The Economic… Continue reading Building Social Capital<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,154],"tags":[10503,212,8131],"class_list":["post-305882","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-social-issues","tag-business-standard","tag-gs-paper-2","tag-social-issues","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/305882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=305882"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/305882\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=305882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=305882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=305882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}