As per worldbank report,

KEYHIGHLIGHTS
As a percentage of GDP, countries spend an average of 4.77percent (World) on primary
education. Latin America and Caribbean (LAC) spends an average of 5.70 percent; East Asia
& Pacific (EAP) region spends approximately 4.87 percent; Europe and Central Asia (ECA)
spends an average of 4.83 percent; Middle East and North Africa (MENA) spends
approximately 4.75 percent; Sub Saharan Africa (SSA) spends approximately 4.63percent; and
South Asia spends an average of 3.81percent.
Government expenditure on education, total (% of GDP)
1997 3.41
1998 3.62
1999 4.48
2000 4.38
2001
2002
2003 3.66
2004 3.40
2005 3.23
2006 3.19
2007
2008
2009 3.31
2010 3.42
2011 3.84
2012 3.87
2013 3.84
2014
2015
2016
2017
Government expenditure on education as % of GDP (%) – 3.84 (2013)
At around 4% GDP, india’s expenditure on education is behind that of comparable economies.
Wprld bank data for 2012 shows that countries like Brazil and South Africa were spending at
least 6% of their GDP on education. Also the spending on training has one of the lowest
priorities in expenditure in india.
As per budget 2018: Health, education, sanitation allocation is as given below:
Year HRD ministry Budget Total Central Budget Share of Total
(in Rs Cr) (in rs Cr) Central Budget (%)
2014-15 110351.10 1794891.96 6.15
2015-16 96649.76 1777477.04 5.44
2016-17 92666.65 1978060.45 4.68
2017-18 79685.95 2146734.78 3.71
2018-19 85010.29 2442213.30 3.48

In absolute terms, this Budget of Rs 85,010 crore breaks a declining trend in allocation to the
HRD ministry under the Modi government and is a Rs 5,324 crore or 6.7 % rise from 2017-18,
when Rs 79,685 crore was allocated.

However, as a share of the total Union Budget, the HRD ministry’s allocation has dropped 0.23
% points to 3.48 % in 2018-19 – the lowest since 2014-15 – from 3.71 % in 2017-18,
(http://www.indiabudget.gov.in/index.asp).

In five years to 2018-19, that is a drop of 2.7 percentage points to 3.48 percent from 6.15
percent in 2014-15.