President Pranab Mukherjee expressed concern over falling standards in higher education in India, though private institutions have increased access. While private institutions now account for 60% of enrollments, their declining quality could leave graduates without needed skills. To maintain economic growth, India must reverse this trend and improve higher education quality through measures like increasing research output and aligning curriculum with industry needs. The 12th Five-Year Plan seeks to address inefficiencies, but effective implementation is critical to building a skilled workforce and maximizing India's demographic dividend.
President Pranab Mukherjee expressed concern over falling standards in higher education in India, though private institutions have increased access. While private institutions now account for 60% of enrollments, their declining quality could leave graduates without needed skills. To maintain economic growth, India must reverse this trend and improve higher education quality through measures like increasing research output and aligning curriculum with industry needs. The 12th Five-Year Plan seeks to address inefficiencies, but effective implementation is critical to building a skilled workforce and maximizing India's demographic dividend.
President Pranab Mukherjee expressed concern over falling standards in higher education in India, though private institutions have increased access. While private institutions now account for 60% of enrollments, their declining quality could leave graduates without needed skills. To maintain economic growth, India must reverse this trend and improve higher education quality through measures like increasing research output and aligning curriculum with industry needs. The 12th Five-Year Plan seeks to address inefficiencies, but effective implementation is critical to building a skilled workforce and maximizing India's demographic dividend.
President Pranab Mukherjee expressed concern over falling standards in higher education in India, though private institutions have increased access. While private institutions now account for 60% of enrollments, their declining quality could leave graduates without needed skills. To maintain economic growth, India must reverse this trend and improve higher education quality through measures like increasing research output and aligning curriculum with industry needs. The 12th Five-Year Plan seeks to address inefficiencies, but effective implementation is critical to building a skilled workforce and maximizing India's demographic dividend.
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Higher Education
System: Impact on Indian Economy
BY : ABHISHEK KUMAR SINHA PGDM B18 9/20/16
64
Falling standard of higher education is alarming:
- President Pranab Mukherjee President Pranab Mukherjee expressed concern over the falling standard of higher education in the country even though he said the proliferation of private sector has led to greater access. "Some private institutions have ably complimented the efforts of the public sector institutions in meeting the high demand for the tertiary education of our society" 9/20/16
Source : THE ECONOMIC TIMES , JAN 18,20
He added that private institutions account for about 60 per
cent of students enrolled in higher education. Stating that there were only 20 universities in 1950, Mukherjee said today there are 712 universities in the country and the number of colleges has increased from 500 to more than 36,000. "Though (private sector) proliferation has led to greater access, its negative fallout on the standards is alarming. Its declining quality for standard, particularly in the areas of higher learning... "... if not reversed quickly, we will land ourselves in a scenario of having a large number of people with degrees but not enough manpower with proficiency to meet the emerging requirement of our industrial and other sectors," Mukherjee said. He cited the example of ancient Indian universities like 9/20/16
THE MARKET : With a median age of 25 years, India has over 550 million people below the age of 25 years. According to Census figures, over 32 per cent of the 1.1 billion population is between the age group 0-14. This means that the number of people in India needing primary and secondary education alone exceeds the entire population of the USA. Since these students will be seeking higher education in India over the next decade it illustrates the sheer size of the Indian education market.
Presently about 11 million students are in the Higher Education system. This represents just 11% of the of the 17-23 year old population. The government hopes to increase this to at least 21% by 2017- a target which still falls short of the world average.
With the emergence of India as a knowledge-based economy, human capital has now become its major strength. 9/20/16
DEMAND-SUPPLY GAP : only 1 out of approximately 150 applicants gets admission into the elite Indian Institute of Management (IIMs) compared with the ratio of 1:10 for MIT. It is therefore not surprising that an industry chamber has recently reported that 450,000 Indian students spend over USD 13 billion each year in acquiring higher education overseas. To reduce the demand supply gap in school education, it has been proposed in the 12th FYP (2012-17) to set up 6,000 schools at block level as model schools to benchmark excellence. Of these, 2500 will be set up under Public Private Partnership. Further, easy availability of education loans to students it has been proposed in Budget 2012-13 to set up a Credit Guarantee Fund for this purpose. 9/20/16
POLICY REGIME : 100% FDI in education allowed through automatic route. A high-powered advisory body - National Knowledge Commission (NKC) set up NKC recommendations tremendously successful in increasing Governments focus and plan outlay on education. NKC has recommended that the number of universities increase from the present 370 to 1500 by 2015, considered a highly ambitious target, but inadequate to meet demand for quality education. For higher education, an expenditure of USD 37.13 billion has been projected to achieve the proposed objectives during the 12th Five Year Plan (2012-17) In9/20/16 December 2010, AICTE notified regulations for grant of
SERVICES IN THE EDUCATION
SECTOR : There is a vast opportunity for provision of innovative services. Given regulatory constraints, lack of infrastructure and severe competition for quality education, there is a large and rapidly growing market for coaching and tutoring services imparted through new and innovative means, particularly the internet. In addition corporates are increasingly outsourcing skill training activities to specialised institutions
9/20/16
Dr. MANAS DAS (Retd. Prof.,IIM
CAL.) Falling standard of higher education is of prime concern, no doubt. But one should go to the source. Firstly, everybody in India seems to think that higher education should be accessible to everybody, irrespective of his/her performance in school leaving examinations. This is an absolutely faulty policy and is resulting in unemployment of students with degrees from colleges for whom awarding degrees liberally is a money making racket. In institutions of higher education, the Chancellor does not require any mandatory qualifications, there is no Vice Chancellor, no Director, no worthy faculty, the faculty who cannot teach is the Dean, and the students are of commensurate quality. From admission to academics to placement it is a money spinning process and a money making racket. Given this scenario, how can we expect any quality in higher education? 9/20/16
SCORING HIGHER ON EDUCATION : India is a global leader in terms of GDP spent by public and private sources on higher education. India devotes a very high proportion of its national wealth on higher education. At 3 per cent of the GDP (1.2 per cent from public and 1.8 per cent from private sources), India spends more than what the United States (1 per cent public and 1.6 per cent private) or Korea (0.7 per cent public and 1.9 per cent private) spends on higher education. The gross enrolment rate the proportion of the age group accessing higher education of 18 per cent is among the highest for countries at Indias level of development. This is particularly impressive given Indias size and complexity. The recently approved 12th Five-Year Plan aims at raising the gross enrolment rate to 25 per cent by 2017, which is both desirable and achievable. 9/20/16
India with its 600 universities and
35,000 colleges is the third largest education system in the world. But 68 per cent of these universities and 73 per cent of colleges are found to be medium or low quality by Indian standard itself.
9/20/16
SPEND MORE ON HIGHER
EDUCATION : The position of Indian universities has consistently been falling year after year in almost all international rankings. For instance none of the Indian universities figure in the latest (2015) Time Higher Education (THE) ranking of the top 100 world universities under 50 years old. In the 2012 rankings of 400 universities India had just one university compared with nine of China. Last year, India was the only BRICS (Brazil, Russia, India, China, South Africa) nation that did not have a single university among the top 200 on the Quacquarelli Symonds (QS) list the most reputed global rankings of institutes for higher education. Even our high-profile 9/20/16 IITs and IIMs fail to match international standards of
Steps should be taken to reduce the disconnect between higher
education institutions and industry requirements. The possibilities of private sector contributions in higher education should be fully exploited. The recent decision of UGC to allocate funds for studies with potential to hasten the countrys progress is a welcome step. As president Pranab Mukherjee said, Indias priorities for research and innovation should be conditioned by our socioeconomic realities. The Indian innovation strategy should focus on generating ideas that promote inclusive growth and benefit people at the bottom of the socio-economic pyramid. Our higher academic institutions should play a vital role in inclusive innovation. They should mentor grassroots innovators for development of their ideas into useful products 9/20/16
CONCLUSION : Upgrading the higher education sector especially in terms of patents filed and cutting edge research output is essential in improving Indias global ranking. Our sustainable economic development depends on human resources. A quality higher education base is essential to reap full benefits of our demographic dividend. In its mission to redress inefficiencies in higher education, the strategies of the 12th plan focus on technical education, distance learning, quality research, infrastructure, faculty and curriculum content. The 12th Plan provides a good framework for change. It seeks to align Central government investment with that of the State governments align new capacity with demand. It also seeks to create a performance culture through deepening of competitive grants and creation of related institutional arrangements. However, success depends on effective implementation. 9/20/16
