Public Private Partnership in Education an Impactful Means of Promoting Skill Development and Inclusive Growth in India

＂The country needs a large number of centers of higher learning which are world class,＂ said Arun Jaitley, the Indian Union Minister of Finance of the Bhartiya Janata Party led government, in his maiden budget presentation for 2014, where he committed increased funds for higher education. This view conflicts with the 12th Five-Year Plan - proposed by the earlier government - that had advocated a halt to government-funded higher education. The new government proposed to add to the existing elite institutions of management and technology, medical colleges, new Humanities centers as well as programs for training teachers. Despite this increased outlay and commitment to the cause of education, K.R. Sekar, who oversees the education practice at Deloitte Haskins & Sells Llp, a consulting company, was concerned about the lack of clarity on the question of private investment in education or an outline of a path of education reforms. [1] With a massive population of 1.2 billion where 41% of the population (census 2011) is in the 14-19 age bracket, even 18 Indian Institutes of Technology, 21 Indian Institutes of Management can not be enough to meet the demands. While the availability of human capital is clearly India's strength, the inadequacies of the conventional infrastructure for delivery of technical and vocational education will continue to create severe deficiency in the quality and quantity of employable resources. Financial commitment alone without a strategic blueprint will not be enough to bridge the knowledge or skill gaps in India of employable age. The significant growth that the Indian economy experienced is due to the growth of its Information Technology sector. There is substantial doubt among global industry leaders and the academia whether India can sustain this growth. The doubt arises from the inability of the Indian economy to reap its potential demographic dividends due to lack of skilled labor force. .As per the National Employability Report, 47% of graduates are not employable in any sector of the knowledge economy driven future [2]. This paper focuses on how private corporations can team up with national, state and local governments to create a sustainable labor-supply model to meet the needs of todays' digital economy. The paper uses the endogenous growth theory to develop a comprehensive public-private partnership model of resource enhancement in the Indian context of commitment to sustained growth. The paper will emphasize on the aspect that for sustainable manpower development, the government must partner with private sectors to develop digital infrastructure for extensive and affordable delivery of higher education. The digital economy provides a new opportunity for a diverse Indian economy to create a uniform platform for delivery of quality education for all. The paper also projects that such digital re-imagining can only come for a healthy and cooperative partnership between the private and the public structure, where the private structure can bring in the technology and the state of the art instructional design and the public structure can help foster the mindset for such a transformative venture.

並列關鍵字

Public private partnership ； skill development ； sustainable

國際替代計量

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