New Delhi: A recent study conducted by the Federation of Indian Chambers of Commerce & Industry (FICCI) has revealed that brisk growth in the globally integrated Indian economy has led to a huge demand for skilled human resources. However, lack of quality in the higher education sector has become a hindrance in filling the gap.
The survey, based on a study conducted in 25 sectors, also showed that currently there is a shortage of about 25 percent skilled manpower in the Engineering sector.
Addressing a pre-summit press conference on higher education, FICCI Secretary General Mr. Amit Mitra said, “The present day higher education setup needs an urgent makeover and private sector involvement needs to be encouraged in this regard.”
“Apart from making a solo entry, foreign universities must look to form joint ventures with the Indian varsities. Moreover, a one year benchmark must be set for this task”, he added.
MARCH Consultancy and Research Director Mr. Sridhar Chari said, “Only one in ten people in India is able to receive higher education. The Government’s educational grants are being used in promoting primary education rather than setting up more higher education institutions.”
The Net Enrolment Ratio (NER) for the primary education sector is 70 percent and 40 percent for secondary education. The figure is a dismal 11 percent in the tertiary or higher education area.
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