I hear and I forget. I see and I remember. I do and I understand. — Confucius
#Budget 2024 with ET
Budget Highlights: Your 2-minute guide
Tax tweaks, jobs & more: All that FM announced in Budget
What's cheaper and what's costlier? Here's the list
Our march from developing to developed nation must be built on Innovation and Knowledge. If as a nation we do not bank on the Demographic, Digital and AI dividend we will lose a generational edge. This predicates the need to urgently disrupt the traditional education model and ensure we do not lose faith in the system. The abysmal higher education gross enrollment ratio of 29% and the anemic growth, is a symptom and not the cause.
India's job landscape is a paradox — on one hand the employers are crying for talent with skills & stability and on the other hand the talent capability, aspiration and mobility is not aligned with the industry demand. The single largest impediment to meet the goals and vision of Viksit Bharat is this lack of alignment.
Aspiration can be infused and mobility incentivized but the skill-capability gap is real and scary. Organization leaders can dispense stories of how the majority of the candidates cannot even cover the basics of their field after years of education — Commerce graduates struggle to talk about the 3 golden rules of accounting, Science graduates cannot recall the basic laws and Computer Science graduates fail when asked to write a few lines of code. The problem is real and the root cause boils down to one simple fact — the traditional