Volume : 5, Issue : 4, April - 2016

Education, Skill Development and Economic Growth in India

Dr. Sudhansu Sekhar Nayak, Dr. Anil Kumar Sahu

Abstract :

<p>&lt;p&gt;&amp;lt;p&amp;gt;&amp;amp;nbsp;India is going to be the fastest growing economy of the world in view of China&amp;lsquo;s decelerating trend. Since India is better placed in terms of the number of work force, there is an urgent need to convert this work force into human capital. Producing skilled graduates should be the top priority of the government as well as the educational institutions which are increasing by numbers but are decreasing in quality. The corporate sector, the policy makers might advocate the implementation of PPP model for the expansion of education, but the ground reality is this that private institutions, established with sole motto of &amp;lsquo;profit maximization&amp;lsquo; have little of no concern with the quality of education. The net result is the mushrooming growth of the labour force without adequate skill. The recent initiative of NDA government for skill development is a step in right direction. It will certainly produce fruitful results. The success of skill will ultimate depends on the creation of job opportunities. The talent must not go waste. Scams like Vyapam should be dealt with a tough and impartial stick.&amp;lt;/p&amp;gt;&lt;/p&gt;</p>