“Education’s purpose is to replace an empty mind with an open one.” by Malcolm Forbes
India with 37.4 million student population under the age of 5-24 years holds the tag for the largest youngster population in the world. Ranks 131 out of 188 countries in the world education index.
Education plays a momentous role in the development of an individual and the country. With an educated citizen the country can turn the tide of its economic growth. Education promotes national interest in an individual. It heightens the level of moral and ethical values, enhances creativity, wisdom level, literacy rate, and whatnot. Knowledge enables a person to be aware of t sights and responsibility towards society. Education is the root of a wise and responsible society.
India has the world’s largest youngster population lying between the ages of 5-25 years leading to an occurrence of a high demand-supply gap in the education sector of the country. The Indian education system is a whopping market with about a revenue of US$101.1 billion in the financial year 2019. With 39,931 colleges, 993 universities, and 37.4 million students enrolled in India make one of the biggest markets of the education sector in the world. Ranking second in the market of e-learning which is expected to reach US$1.968 billion industry with 9.5 million users by the end of 2021.
India Education sector has witnessed an inflow of US$3 billion in Foreign Direct Investment (FDI) in April 2000 till December 2019. In the private equity and venture capital funding; the education industry companies have attracted approximately US$500 by the end of 2019. The Indian government has aimed to raise the present gross enrollment by 30% and; boosting the growth in distance learning by the end of 2020. Which now seems to be disrupted because of the current world economic recession as a result of COVID19.
India ranked 34 out of 100 countries in the English Proficiency Index. It also the country has the largest English speaking population in the world, providing a big opportunity to the foreign edu-tech companies to invest in the education sector of the country.
Economic and social growth of the country does depend upon technology, capital, and resources but above them, it depends upon the quantity and quality of manpower in it. Efficiency and productivity if the nation’s manpower is the major game-changer in its development. In India some various schools and colleges offer education to the willing candidates. But when it comes to the quality of their knowledge delivery most of these organizations and institutes still have the mountain to climb.
According to the data released by the Ministry of Human Resource Development (MHRD) data 2011- 2012; there are approximately 260 million students and 1.5 million schools, India holds seconds tags in the largest number of schools after China. Out of the total primary schools 87.30% are located in rural areas. To help the base of the country become strong as 68.84% population of the nation resides in rural areas. But the quality of education in these schools; to those of the schools owned by private companies in the urban areas of the country are hard knocks.
Lack of quality primary education is one of the key drawbacks of the nation’s education system. Because of the neglecting of Indian languages; at the primary level, students of rural areas face a setback in understanding the content. Leading to a high dropout rate of students between the ages of 6-14 years before completion of the basic education. Dropping out of students results in wastage of government’s financial and human resources.
Expensive higher education is a major issue in India. The most renowned state of the country charges fees that are tough for a middle-class man to afford. IIM’s charges 2 lakh INR per semester, IIT’s charges about 1.90 lakh INR per semester. Apart from them, the privatization in the field of higher education has led to the growth of profit-hungry entrepreneurs.
For research work there are lack of funds which lead to brain drain of the passionate students. Lack of proper employment scopes can be said another reason for brain drain.
35% of the country’s population is illiterate that accounts for one-third of the world’s illiterate population. Moreover, India has a General Education Oriented system which is the roots of unsatisfactory technical and vocational unproductivity. The result is that 11.4% of educated unemployed in the country.
In improving the infrastructure of the country’s education system teachers and students hold the most important responsibility. The curriculum of the nation needs to be revised if it wants to fit in gloves with the world. Instead of dogmatic and stale, the Indian education system needs to devise into something more dynamic. For infusing the dynamism curriculum needs to be progressive. Passionate teaching staff, adequate funding for research work. Pedagogy that keeps students and teachers engrossed and engaged.
India needs to understand that education is mutable, it needs to cope up with the ever-changing demand of time. A few Expeditious strides will enable 37.4 million students to show their fullest potential. It is, therefore, time for prioritizing education in the scheme of development strategy and the allocation of budgetary resources.
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