FICCI- EY Report on Higher Education in India: Vision 2030 states that by 2030 Indian higher education system will emerge as a role model for high quality affordable educational system in the word. Higher education in India would not only address the socio-economic challenges by 2030, but will also be a leader in quality and excellence.
The report further asserts that our higher education system will successfully address the prevalent challenges plaguing the sector, namely – lack of equitable access, outdated curricula and pedagogy, shortage and lack of quality faculty, relative lack of partnership amongst industry, research and academia etc.
It is estimated that by 2030, a robust higher education system would enable India to:
- Augment Gross Enrolment Ratio (GER) to 50%, with a student enrolment of more than 70 million across the higher education system
- Reduce state-wise, gender based and social disparity in GER to 5%
- Emerge as a single largest provider of global talent, with one in four graduates in the world being a product of the Indian higher education system
- Be among the top 5 countries in the world in terms of research output, with an annual R&D spend of US$ 140 billion
- Have more than 20 universities among the global top 200
However, anchoring these estimates on ground requires a transformative and innovative approach across all the levels of higher education: from curricula and pedagogy to use of technology to partnerships, governance and funding.
….There is an urgent need for developing a coherent co-relation between our vision, planning and implementation for education with the economic planning to ensure significant strides over the next 15-20 years….” – Dr A Didar Singh, Secretary General, FICCI
FICCI-E&Y report identifies important interventions required for realizing the envisioned state of the Indian higher education system over the next two decades. Our suggested interventions include:
- Introducing multi-disciplinary, industry-oriented, entrepreneurship and skill-based courses, and adopting new pedagogical techniques such as blended learning, flipped classroom and experiential learning
- Easing faculty recruitment norms, implementing tenure based and rewards-based systems to retain quality faculty, and incentivising and facilitating faculty development and exchange programs
- Attracting and incentivising best-in-class faculty to conduct research, adopting various models to develop research capabilities in institutions in India, promoting collaborations amongst international institutions, industry, and research centres for generating high-quality basic and applied research
- Strengthening industry academia linkages and collaborating with skill-based training providers for development of employable talent
- Incentivising high-quality private and foreign participation in higher education, and widening access through virtual classrooms and Massive Online Open Courses (MOOCs)
- Promoting individual based funding, providing competitive access to public research grants, encouraging corporate and alumni funding and linking public funding to institutional performance
- Moving towards autonomy and self regulation of higher education institutions, introducing mandatory accreditation, creating a centralised repository of all information related to higher education and introducing reforms in the leadership structure of institutions
…Making rapid progress over the next two decades would require a committed and concerted effort from all stakeholders involved i.e. academia, industry, and the government….” – Mr. Amitabh Jhingan, Partner and National Leader – Education practice, E&Y
Full report can be accessed at FICCI’s Slideshare