Daily updates on what I’m reading
- Demographic Dividend Theory – A parable of India’s Growth – CLIP: To this effect, a recent report published by the Confederation of Indian Industry (CII) and the Boston Consulting Group (BCG) has estimated that India would face ‘talent gap’ of more than 5 million by 2012, as existing educational institutions do not impart employable skills. The report titled, ‘India’s Demographic Dilemma’, brings out the fact that $1.1-trillion economy will have a shortfall of 7, 50,000 skilled workers over the next five years. In contrast, during the same period there will be a surplus of 1.3 million unskilled and unqualified school dropouts and illiterates.
If you consider the above data to be reliable, then one must understand that talent gaps if widened in the process could only lead to choking economic development and become counterproductive. The proposed Public Private Partnership model (PPP) to reform the culpable education sector is considered as a planned approach with budgetary support of over Rs. 35,000 crore.
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This seems to be very true – I came across a report by UNESCO in BS recently which said that India still home to largest illiterate population – with so much of shortfall in skilled & literate ppl would be like “In short it would create a lost generation… “