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World Bank recommends complete overhaul of Indian education system to include all instead of just a few in the middleclass
A World Bank report urged India to overhaul the education system so that knowledge is shared between all in the whole population. It recommended less bureaucratic procedures and privatization of higher education.
According to media reports, one of the world's largest economies, India has made enormous strides in its economic and social development in the past two decades, but can do much more to leverage its strengths in today's knowledge-based global economy, a new World Bank report has said.
The report - "India and the Knowledge Economy: Leveraging Strengths and Opportunities" - argued that when supported by government policy incentives, the country can increase its economic productivity and the well-being of its population by making more effective use of knowledge.
The report which acknowledged that the country already had many highly qualified people making their mark globally in science, engineering, information technology (IT), and research and development (R&D), however, said that they represented only a small fraction of the total population.
Urging the improvement in quality of all institutions of higher learning and not just few selected ones, the report said "India needs to make its education system more demand driven to meet the emerging needs of the economy and to keep its highly qualified people in the country."
Favoring private sector participation in higher education, it said bureaucratic hurdles were needed to be removed along with better accreditation for it to happen.
"Increased university-industry partner ships to translate research into applications can yield economic value," the report co-authored by Anuja Utz said.
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