Abstract and provide a suitable impetus to reap

 

Abstract
:-

Delivering quality
education is critical for holistic development of a Nation and is a key enabler
for ensuring inclusive and sustainable development. Expanding access to higher
education, skill development and vocational training enhances a Nation’s competitiveness
in the global economy and propels socio-economic development. India has the
world’s third largest education system with more than 50% of India’s population
below the age of 25 years, it is imperative to focus on the youth of the
country and provide a suitable impetus to reap the demographic dividend. The
Government has increased allocation for the sector in the 12 Five Year Plan and
the ‘Education for All’ program has achieved significant milestones in
extending education to even the remotest villages, thereby significantly
improving the literacy ratio. Private investment has also seen an upward trend
with FDI during April 2000 to September 2013, according to the Department of
Industrial Policy & Promotion (DIPP). Despite a positive tide being witnessed,
the sector faces a greater challenge of providing equal opportunities for
higher education and addressing sectoral and social imbalances. To match global
excellence standards, it is imperative to provide quality infrastructure and
facilities as well as a robust curriculum by increasing investment in R
and pursuing greater international linkages and collaborations. India’s higher
education system is large and complex, with 574 universities and almost 36,000
affiliated colleges having an enrolment of over 20 mn students. Despite such
large numbers, NASSCOM’s report on Education and Employability highlighted low
employability of existing talent, with only 10-15% employable graduates in
business services and 26% employable engineers in technology services. To
bridge these skill gaps and also promote entrepreneurship, academia-industry
tie ups need to be strengthened, along with policy reforms to improve faculty
training, encourage research and integrate changing global perspectives into
academic courses. The academia also needs to transform from pure learning
institutions to centres of growth through partnerships with community, industry
and economy.

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Keywords:- Employability , Education , Industry ,
Skill , Training