“The pandemic has reaffirmed the significance of digital technologies to sustain the momentum of learning. Hence, the Budget should consider EdTech as a potent tool that can multiply the reach of education. It should prioritise scaling up allocation to the EdTech sector by 7-8% from 2021. In addition, rationalising 18% GST in online education services would go a long way in making e-learning more affordable and realising its benefits. Moreover, there should be a tax rebate on expenses incurred on online learning programs. This is especially important in India as we face a unique ’employability paradox’. Against the backdrop of conducive policies such as the National Education Policy (NEP), strengthening infrastructure, ahead of the 5G rollout, will ensure equitable access to the highest-quality education to all learners. While NEP 2020 holds a lot of promise, much will hinge on its implementation this year.”
– Akshay Munjal, Founder and CEO, Hero Vired on Budget 2022
*Hero Vired is a learning company from the Hero Group based in New Delhi. Founded by Akshay Munjal, Hero Vired is a premium EdTech venture that enables professionals and aspirants to transform their higher education journey into real-world job opportunities. The company is a startup venture of the Hero Group that offers career-relevant programs, in
partnership with world-class universities.
