{"id":14703,"date":"2022-02-05T09:16:01","date_gmt":"2022-02-05T09:16:01","guid":{"rendered":"https:\/\/www.soil.edu.in\/?p=14703"},"modified":"2026-02-05T11:47:05","modified_gmt":"2026-02-05T06:17:05","slug":"impact-of-union-budget-2022-on-higher-education-framework-need-for-redesign","status":"publish","type":"post","link":"https:\/\/soil.edu.in\/blog\/impact-of-union-budget-2022-on-higher-education-framework-need-for-redesign\/","title":{"rendered":"Impact of Union Budget 2022 on Higher Education Framework: Need for Redesign"},"content":{"rendered":"<style>\n.inner-pic {\n    display: none;\n}\n.blog-pic {\n    width: 100%;\n    float: left;\n    text-align: center;\n}\n.blog-pic img {\n    width: 70% !important;\n}\n.new_blog_section p strong {\n    font-family: 'Franklin Gothic Book', arial;\nfont-weight: 900;\n}\n.new_blog_section ul li strong {\n    font-family: 'Franklin Gothic Book', arial;\nfont-weight: 900;\n}\n.new_blog_section p a {\n    color: #008037;\n}\n.text-new {\n    width: 100%;\n    float: left;\n}\n.new_blog_section .new_blog_right_sidebar ol li {\n    background-image: none !important;\n    list-style-type: decimal;\n    display: list-item !important;\n    padding: 0px 0px 15px 10px !important;\n}\n.new_blog_section .new_blog_right_sidebar ol {\n    padding: 0px 0px 0px 40px;\n    margin: 0px 0px 0px 0px;\n}\n.blog_wrapper_full .one_column {\n    padding: 0px 0px 0px 0px;\n    margin: 0px 0px 0px 0px;\n}\n.pic-new {\n    width: 100%;\n    text-align: center;\n}\n.pic-new img {\n    width: 100% !important;\n}\n.new_blog_section h6 a {\n    color: #008037;\n}\n.text-new1 {\n    width: 100%;\n    float: left;\n    font-size: 25px !important;\n    text-align: center;\n\tmargin: 20px 0px 20px 0px !important;\n}\n.new_blog_section .one_column.pb_2 li a {\n    color: #008037;\n}\n.content-new1 {\n    padding-bottom: 0px !important;\n}\n.blog-pic1 img {\n    width: 100% !important;\n}\n.one_column.pb_2.list-new li {\n  background-image: url(https:\/\/www.soil.edu.in\/blog\/wp-content\/uploads\/images\/tick-icon.png) !important;\n  list-style-type: none;\n  padding: 0px 0px 12px 20px !important;\n  margin: 0px 0px 0px 10px !important;\n}\n.text-new2 {\n  width: 100%;\n  float: left;\n  margin: 20px 0px 0px 0px !important;\n}\n<\/style>\n<p>It was heartening to see the direction of  growth outlined by the FM in the recent budget. Not only was the thrust inclusive,  it was also very futuristic. In fact, it was a blend of the two which seems  highly relevant and intriguing. Ideas like delivery of digital and high-tech  services to farmers, use of Kisan drones, launching funds with blended capital  to fund agriculture start-ups\/ sunrise sector\/ MSMEs, etc., and increased  digitalisation in every sphere, thrust to infrastructure, urban development, logistics,  sustainability, certainly hold the key to fast, sustainable and balanced  growth.<\/p>\n<div class=\"blog-pic\">\n<p><img decoding=\"async\" src=\"https:\/\/www.soil.edu.in\/blog\/wp-content\/uploads\/2022\/02\/impact-of-union-budget-2022-on-higher-education-framework-need-for-redesign.jpg\" alt=\"Impact of Union Budget 2022 on Higher Education Framework: Need for Redesign\" title=\"Impact of Union Budget 2022 on Higher Education Framework: Need for Redesign\"><\/p>\n<\/div>\n<p>Education being the key driving force to  enable such quality growth in any country, it is highly important that  education institutions also rise to the challenge and strengthen the hands of  the government. They need to redesign their curriculum, pedagogy, learning  methodologies &amp; ecosystem, to be in sync with this promising vision of the  nation.<\/p>\n<p>Therefore, it is important to create space  in the curriculum and give attention to areas like Sustainability, Digital  business &amp; innovation, Fintech, Analytics, AI, ML, Blockchain, Smart  cities, and New age business models.<\/p>\n<p>While one can create separate courses with  suitable learning outcomes for each of these areas, it will probably be more impactful  to embed these areas in the existing courses of the curriculum. E.g., while  teaching finance, one could build in specific modules for green finance, impact  investing, entrepreneurial finance, financial analytics, fintech, etc.  Likewise, in HR, emphasis could be on future of workplaces and new age  organisation culture models in start-ups\/ unicorns in contrast to traditional  companies. In addition to digital business and analytics courses, using blend  of the two for business applications will help solve more management problems. Case  studies used by faculty members, guest sessions from industry leaders, student  club activities, dissertation projects, internships, etc. should also speak to  the same learning objectives &amp; theme in order to encourage students to  think in these directions and enable learning stickiness. Of course,  interdisciplinary courses\/ learning events, interventions in design thinking,  whole systems thinking, which integrate learning will also help the students to  think creatively and holistically.<\/p>\n<p>Finally, if we take a step ahead, can we  think of redesigning our approach to creating elective courses or specialisations,  post the core business courses foundation? Can we think of going beyond  traditional specialisations of Marketing, Finance, HR, Operations, etc. or Industry  specialisations in management curriculum? Can these be designed more around the  skills sets required by the economy and also as aligned to the purpose of each individual?  E.g., tracks like Digitalisation, Analytics, Sustainability (ESG), Urban  Development &amp; Smart Cities, Inclusion, etc. are domain agnostic, prepare  students for a wide range of careers and at the same time help them contribute better  to nation building. Management as a skill set can be applied to any sphere. So  far, the biggest end user has been industry and corporate world. But with a  little imagination, it can be extended and applied to other critical segments  of social sector, governance, public policy, agriculture, and so on.<\/p>\n<p>It is time to think afresh and redesign the  education models to serve its true objective of improving quality of human  lives and serve the society. Government has shown farsightedness and courage in  defining a bold &amp; contemporary vision, promised support and laid a broad  road map. We all need to now come together and think of ways to enable its  effective implementation. Only then, can this dream of building a stronger  country come true where everyone has equal access to opportunities and an equitable  share of growth!<\/p>\n<p><strong>Dr. Neetika Batra<\/strong><br \/>\nDean &#038; Professor, 1 Year PGPM<br \/>\nSOIL Institute of Management<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It was heartening to see the direction of growth outlined by the FM in the recent budget. Not only was the thrust inclusive, it was also very futuristic. In fact, it was a blend of the two which seems highly relevant and intriguing. Ideas like delivery of digital and high-tech services to farmers, use of &hellip; <a href=\"https:\/\/soil.edu.in\/blog\/impact-of-union-budget-2022-on-higher-education-framework-need-for-redesign\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Impact of Union Budget 2022 on Higher Education Framework: Need for Redesign&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":14736,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"posts_by":[],"audience":[],"industry":[],"faq":[],"class_list":["post-14703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IMPACT OF UNION BUDGET 2022 ON HIGHER EDUCATION | SOIL<\/title>\n<meta name=\"description\" content=\"The top b-school in India, SOIL Institute of Management explains the impact of union budget on higher education, and also throws light on the need for redesigning.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/soil.edu.in\/blog\/impact-of-union-budget-2022-on-higher-education-framework-need-for-redesign\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMPACT OF UNION BUDGET 2022 ON HIGHER EDUCATION | SOIL\" \/>\n<meta property=\"og:description\" content=\"The top b-school in India, SOIL Institute of Management explains the impact of union budget on higher education, and also throws light on the need for redesigning.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/soil.edu.in\/blog\/impact-of-union-budget-2022-on-higher-education-framework-need-for-redesign\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog - 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