Wednesday, 13 November 2013

India poised to become the largest provider of global talent

MUMBAI: India is poised to become the largest provider of global talent with one in four graduates in the world a product of the Indian system, says a Ficci-EY Report on Higher Education in India: Vision 2030.

The report further outlines that by 2030, the emergence of a robust higher education system would enable India to augment its gross enrollment ratio (GER) to 50%, with a student enrollment of more than 70 million across the higher education system; reduce disparity in GER to 5 percentage points across states, gender and various social groups and emerge as a better informed and evolved society, leading to improved social indicators including better health and sanitation, life expectancy, and law and order.

India would also emerge among the top 5 countries in the world in terms of research output, with an annual R&D spend of US$140 billion; have more than 20 universities among the global top 200 and become a global destination for higher education, the report goes on to add.

" By 2030, India is expected to be a dominant economy of $10 trillion. Hence, there is an urgent need for developing a coherent co-relation between our vision, planning and implementation for education with the economic planning, to make significant strides over the next 15-20 years," said Ficci secretary general A Didar Singh in a release.

According to Amitabh Jhingan, partner and national leader - education practice, EY : "In order to realise the goals we envision for 2030, adopting a transformative and innovative approach is critical across all the levels of higher education: from curricula and pedagogy to the use of technology to partnerships, governance and funding. Making rapid progress over the next two decades would require a committed and concerted effort from all stakeholders involved, that is academia, industry and government."

The report has also identified important interventions required for realising the envisioned state of the Indian higher education system over the next two decades. These include adopting a learner-centered paradigm of education and new pedagogical techniques; easing faculty recruitment norms and implementing tenure-based and rewards-based systems to retain quality faculty; attracting and incentivising best-in-class faculty to conduct research; strengthening industry academia linkages and incentivising high-quality private and foreign participation in higher education.

http://economictimes.indiatimes.com/news/news-by-industry/services/education/india-poised-to-become-the-largest-provider-of-global-talent-ficci-ey-report/articleshow/25708604.cms

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