Educational Economy and NEP 2020: Building Vishwaguru India by 2047

Abstract

Education is the most powerful instrument for national transformation, economic development, social progress, and human capital formation. India's aspiration to become a developed nation by 2047 requires a strong, innovative, financially sustainable, and globally competitive education system. The National Education Policy (NEP) 2020 provides a transformative framework for reshaping India's educational landscape through multidisciplinary learning, skill development, research, innovation, digitalization, and inclusive growth.

This research paper examines the concept of the Financial Educational Economy of India in the context of NEP 2020 and Viksit Bharat 2047. It explores strategies for strengthening educational financing, integrating Artificial Intelligence (AI) into education, enhancing skill development, promoting employability, and positioning India as a global education hub. The study further discusses the prospects of transforming India into a knowledge-driven economy and a global leader in education.