Monday, July 26, 2010
Juggernaut called Indian Edu system !
Kapil Sibal, India's minister for human resource development, reported that by 2050, the percentage of people above the age of 65 will be 39% in the U.S., 53% in Germany and 67% in Japan. India, by contrast will have only 19% above age 60, according to an International Labor Organization paper.
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Sibal's goal is to get at least 30% of India's 240 million schoolchildren into higher education over the next decade, up from the 12.4% currently. "Any nation must ensure that a critical mass of people move into the university system -- not less than 30-40%. [Otherwise], it cannot build wealth," he noted.
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Sibal moves to the next lap of creating an infrastructure for higher education to meet his 30% enrolment target. India currently has 480 universities and 22,000 colleges. In the next 10 years, it will need 700 new universities and 35,000 new colleges, according to Sibal.
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"No society worked itself out of poverty relying on foreign aid; education is the only proven long-term solution."
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"As capitalists we realize that if you pick up 300 million people from illiteracy, that is a burgeoning middle class ... and every product or service represented in this room is much more relevant when you have that middle class."
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But India could learn from the U.S. in financing educational infrastructure with endowments from wealthy individuals. "Besides the Tata group and a few exceptions, Indians don't give money for philanthropic contributions, particularly for education and health," Kumar said. Private initiatives in education in India have been largely "commercial and mediocre, and have never reached high academic standards," he added.
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http://www.mytoday.com/u/823
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Sibal's goal is to get at least 30% of India's 240 million schoolchildren into higher education over the next decade, up from the 12.4% currently. "Any nation must ensure that a critical mass of people move into the university system -- not less than 30-40%. [Otherwise], it cannot build wealth," he noted.
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Sibal moves to the next lap of creating an infrastructure for higher education to meet his 30% enrolment target. India currently has 480 universities and 22,000 colleges. In the next 10 years, it will need 700 new universities and 35,000 new colleges, according to Sibal.
---------------------------------
"No society worked itself out of poverty relying on foreign aid; education is the only proven long-term solution."
-------------------------------------------------------------------
"As capitalists we realize that if you pick up 300 million people from illiteracy, that is a burgeoning middle class ... and every product or service represented in this room is much more relevant when you have that middle class."
-------------------------------------------------------------------------------------
But India could learn from the U.S. in financing educational infrastructure with endowments from wealthy individuals. "Besides the Tata group and a few exceptions, Indians don't give money for philanthropic contributions, particularly for education and health," Kumar said. Private initiatives in education in India have been largely "commercial and mediocre, and have never reached high academic standards," he added.
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http://www.mytoday.com/u/823
Labels: Knowledge at Wharton
