Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Revealed
India's Third Giant Leap

This Could be One of the Biggest Opportunities for Investors




Important: We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
By submitting your email address, you also sign up for Profit Hunter, a daily newsletter from Equitymaster
covering exciting investing ideas and opportunities in India.

AD

Time to repair the education system
Tue, 22 Apr Pre-Open

Education is the pillar of any nation's success. Technological advancements and scientific inventions depend on it. Also, quality education lays the foundation of an individual. It creates technical skill sets required for employment. But when it comes to assessing the quality of education in India the results are expectedly not so good.

No doubt, with the Right to Education (RTE) in place the number of enrolments has gone up in the recent past. But when it comes to quality, challenges continue to persist. Fathom this. As per research by one agency, 53% of the class 5 students in India are not able to read even a class 2 text! This depicts the failure of our education system. Just filling benches for the sake of increasing enrolments is creating a false sense of belief that we are educating the youth of India. The truth is that a poor Indian citizen has remained aloof from good quality education since ages.

As such, there is a strong need to revamp the education system in India. As per an article in Mint, this can be done by offering quality education to masses. Quality education can come through teacher education reforms. Thus, we need to have large teacher training facilities across the country to improve their teaching quality. Setting up institutes across states can help as well.

Another area which needs focus is integration of the syllabus. Currently, the Indian syllabus does not focus on employable skills at the schooling level. However, in the long run this matters the most. Further, bringing in the private public partnership (PPP) model is also required. We all know that the quality of education in government school is poor. And since most people cannot afford expensive education offered in private schools, the government needs to take steps and rope in private expertise in public schools. Agreed this would increase the burden on the government.

However, we believe such expenditure to build a nation is worth it. We know that the government is already buried under the subsidy burden. And a higher education cost would further increase the government's burden. However, it may be noted that expenditure on subsidies makes people dependent (poor know they shall receive external support) while the one on education will help the individual to fend for himself. Quality education to poor will help them change their lives for themselves. This shall automatically reduce government's burden.

While very few political parties have stressed the need of quality education in their manifestos, we believe it is a big risk facing the Indian economy currently. If the education system in India is not overhauled, India's dream to become a world super power may not materialize in the future.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


Equitymaster requests your view! Post a comment on "Time to repair the education system". Click here!