Knowledge, education and employment; it is fascinating how these three are intertwined. Gaining knowledge has been a coveted aim in India. In ancient India, only a select few had the right to learn and learning was often in the form of memorising. Today, in ‘modern’ India, the emphasis is still on cramming information and not on applying knowledge. If India is to take its place as a global superpower we need to be a powerhouse of original ideas, skills and thought-provoking leadership. India should revamp its education system to engender the application of theory. It cannot be said that Indian path-breakers like Kiran Mazumdar-Shaw, Azim Premji and Lakshmi Mittal have excelled because of the education system. They excelled despite it. As a country with over a billion people, we should have lakhs of leading entrepreneurs, inventors and researchers, but we are held back by the lack of encouragement and uncertain reward for this kind of originality. Leadership and innovation, if not nurtured, will die a slow death. Read More>>
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India needs to find a way to advance its higher-education sector. A McKinsey study reports that only 25% of India-trained engineers and 15% of finance and accounting professionals have the skill sets to work for multinational companies. The report also highlighted the dismal quality of education in many private colleges, where the curriculum is not in sync with the industry’s need. ICRI aims to enhance the clinical research culture in the country to international standards of development, management and monitoring. For decades, foreign universities have been an integral part of India’s higher education.
Whizkids across the country with the financial means have left for highly regarded global universities to study. Many of these students never return, taking both their tuition money and their talent overseas. More than 160,000 students are currently studying in schools in the US, Australia, UK, and elsewhere. Over 100,000 pack up and head to study abroad every year, spending $7 billion on tuition and housing due to the unavailability of career oriented courses in India. In order to make India a world class hub for education we need to bring in new technologies, new courses and set up new departments. To achieve this, reduce red-tapism, deregulate and grant autonomy to universities and offer liberty to access global Institutions.
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Come June every year, and Infosys Technologies, India’s second-biggest software services exporter, turns trainer for the nearly 30,000 students it recruits from top engineering colleges every year.
Its training campus in Mysore, a two-hour drive from its sprawling headquarters in Bangalore, can house about 15,000 people. New recruits spend up to six months honing their skills as Infosys attempts to fill the gaps left by inadequate college education.
Goldman Sachs counts the lack of quality education as one of the 10 factors holding India back from rapid economic growth. Analysts say it raises costs, including salaries as firms vie for the best IT recruits, and reduces firms’ competitive edge.
“Ideally, education should happen in colleges, it should not be happening on company campuses,” said Srikantan Moorthy, head of education and research at Infosys, whose Campus Connect program in 430 colleges is aimed at “industry ready” recruits.
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