Given below are some statements. Read them carefully and choose the correct statement (s) from the given options.

Statement 1: During 1952-2014, education expenditure as percentage of GDP increased from 7.92 to 15.7.

Statement 2:  During 1952-2014, education expenditure as percentage of total government expenditure increased from from 0.64 to 4.13.  

None of the given statement is correct.

The expenditure on education by the government is expressed in two ways (i) as a percentage of ‘total government expenditure’ (ii) as a percentage of Gross Domestic Product (GDP). The percentage of ‘education expenditure of total government expenditure’ indicates the importance of education in the scheme of things before the government. The percentage of ‘education expenditure of GDP’ expresses how much of people’s income is being committed to the development of education in the country. During 1952-2014, education expenditure as percentage of total government expenditure increased from 7.92 to 15.7 and as percentage of GDP increased from 0.64 to 4.13. Throughout this period the increase in education expenditure has not been uniform and there has been irregular rise and fall. To this if we include the private expenditure incurred by individuals and by philanthropic institutions, the total education expenditure should be much higher.