Umesh, Thank you for that analyses. I am not sure if I undersatnd all of it, but I have a question
>Optimally 6% of GDP should be spent on Education How does this optimality arrived at? I mean why is it pegged to the GDP of Assam. I can visualize a scenario where (if) the GDP for Assam were to come down, then this optimal you indicate would also come down. Would it still be optimal spending on education? Some netter should be able to tell us how this optimal spending for education (or anything else) is calculated: On GDP, on the budget, or just on what is required to be spent on education for a perceived level of excellence. IMHO, once a predetermined goal for education is set, the Govt. will have to find the funds to meet the goal or at least a percent of it. Maybe others could weigh in. Interesting though. Once again Umesh thats a good start. --Ram da On 9/15/05, umesh sharma <[EMAIL PROTECTED]> wrote: > > > > > > > > Calculation of Assam's Optimal School Edu. Spending > > and Optimal State GDP > > > > Assam's population = 26 million > > Assam's school age population = 8 million (30% of total) > > Assam's current Edu spending =$100 million per annum* > > > > [* Rs 400 per school kid per annum or $8 per kid per annum ( Rs 199 per > primary school kid per annum (in 1995-96 at 1998 prices) or $64 million per > annum for Assam School education or $100 million on Assam's Education –incl > 50% more for higher ed.] > > > > Expenditure for Effective Edu. Per school kid = $220 per annum. > > For Assam Effective School Expenditure = $220 * 8 million = $1.75 Billion > > > > > Optimal Total Edu. Spending = > > $1.75 Billion for > school ed. > > + $.9 Billion for > Higher Ed (50% of school spending) > > > Total Optimal Edu. Spending needed = $2.65 Billion per annum > > > > > So Assam needs to increase its Education spending by 26 times from current > meager $100 million per annum to $2.65 Billion per annum. > > > > Optimal GDP for Assam –extrapolating: > > > > Assam's State GDP currently = $ Rs 35,000 crore = $ 7 Billion > > > > Optimally 6% of GDP should be spent on Education. > > Current spending but if Optimal Edu. Spending is $2.65 Billion, then it would > be 6% of a State GDP of $45 Billion!! > > > > So Assam's GDP should be 7 times of its current level (at current prices) to > have quality education. It should be $45 Billion and NOT just $7 Billion as > currently is. And then its Total education Spending should increase by 26 > times to be Atleast $2.65 billion , with $1.75 Billion to be spent on School > Education alone – atleast. Extra amount to be needed to improve supervision, > in-service teacher training etc as pointed out earlier. > > > > If any errors – please point out. > > > > Umesh > > College Park, > > Maryland, USA. > > (857) 928 0174 (cell) > > ________________________________ How much free photo storage do you get? Store your holiday snaps for FREE with Yahoo! Photos. Get Yahoo! Photos > > > _______________________________________________ > assam mailing list > [email protected] > http://assamnet.org/mailman/listinfo/assam_assamnet.org > > > _______________________________________________ assam mailing list [email protected] http://assamnet.org/mailman/listinfo/assam_assamnet.org
