Indian Education - Global Relevance

Abstract

The global economy has undergone a structural transformation: there will be a workforce of3.3 billion needed by 2020, in the services and capital-intensive manufacturing sectors. Thisphenomenon is expected to play out in India – by 2020. 90% of India’s GDP and 75% ofemployment is expected to be obtained from the services and manufacturing sectors.Technological advancement shall have several jobs redundant while also creating new jobroles. The structural shift in generating employment will increase demand for sophisticatedworkers, innovators, and thinkers who could thrive in globally-connected and a dynamiceconomy. India, with a large workforce and an increasing pool of educated graduates, is in astrategic position to reap the benefits of this shift. However, the ‘demographic divided’ willlikely be squandered unless India can create a “globally relevant and competitive” highereducation system that serves the requirements of both the domestic as well as globaleconomy. India is prominently placed on the global higher education map in terms of moreglobally-reputed Indian institutions, significant student and faculty mobility, presence ofcollaborations with quality international institutions India as a hub for talent that is able todrive competitiveness of the Indian economy and is fit to work in or serve internationalmarkets This paper is an attempt to identify the needs of global competitiveness in the Indianstudents. Secondary data is used in depth to identify the shift needed in higher education