Professional Documents
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Research Report
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By
AUGUST 2020
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DISCLAIMER
This report is prepared by CARE Advisory. CARE Advisory has taken utmost care to ensure
accuracy and objectivity while developing this report based on information available in
public domain. However, neither the accuracy nor completeness of information contained in
this report is guaranteed. CARE Advisory operates independently of ratings division and this
report does not contain any confidential information obtained by ratings division, which
they may have obtained in the regular course of operations. The opinion expressed in this
report cannot be compared to the rating assigned to the company within this industry by the
ratings division. The opinion expressed is also not a recommendation to buy, sell or hold an
instrument.
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List of Abbreviations:
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Table of Contents
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1. ECONOMIC OUTLOOK
1.1 Global Economy
Global growth for the year 2019 was at 2.9%. As a result of Covid-19 pandemic, the same is
expected to contract sharply by -3.0% in 2020. Also, it is expected that the pandemic will fades in
second half of 2020 and containment efforts can be gradually unwound, the global economy is
projected to grow by 5.8% in 2021, as per The World Bank, World Economic Outlook April 2020.
Growths for advanced economies are projected to contract at -6.1% in 2020 and grow at 4.5% in
2021. Emerging market and developing economies are projected to experience similar trend of
contract of -1% in 2020 and growth of 6.6% in 2021.
Growth in the advanced economy group—where several economies are experiencing widespread
outbreaks and deploying containment measures—is projected at –6.1% in 2020. Most economies
in the group are forecast to contract this year. In parts of Europe, the outbreak has been as
severe as in China’s Hubei province. Although essential to contain the virus, lockdowns and
restrictions on mobility are extracting a sizable toll on economic activity. Adverse confidence
effects are likely to further weigh on economic prospects.
Among emerging market and developing economies, all countries face a health crisis, severe
external demand shock, dramatic tightening in global financial conditions, and a plunge in
commodity prices, which will have a severe impact on economic activity in commodity exporters.
Overall, the group of emerging market and developing economies is projected to contract by –
1.0% in 2020. Even in countries not experiencing widespread detected outbreaks as of the end of
March (and therefore not yet deploying containment measures of the kind seen in places with
outbreaks) the significant downward revision to the 2020 growth projection reflects large
anticipated domestic disruptions to economic activity from COVID-19. It is expected that the
growth would be even lower if more stringent containment measures are necessitated by a
wider spread of the virus among these countries.
Emerging Asia is projected to be the only region with a positive growth rate in 2020 (1.0%), albeit
more than 5% points below its average in the previous decade. The rebound in 2021 with
projected growth rate of 8.1% in emerging Asia depends critically on the pandemic fading in the
second half of 2020, allowing containment efforts to be gradually scaled back and restoring
consumer and investor confidence. In China, even with a sharp rebound in the remainder of the
year 2020 and sizable fiscal support, the economy is projected to grow at a subdued 1.2% in
2020. Several economies in the region are forecast to grow at modest rates, including India at
1.9%.
Financial markets across the world are experiencing extreme volatility: equity markets recorded
sharp sell-offs, with volatility touching levels seen during the global financial crisis; flights to
safety have taken down sovereign bond yields to record lows; risk spreads have widened; and
financial conditions have tightened. Global commodity prices, especially of crude oil, have also
declined sharply in anticipation of weakening global demand on the one hand, and the failed
negotiations of the Organisation of the Petroleum Exporting Countries (OPEC) and Russia, on the
other.
Many central banks have eased monetary, liquidity and regulatory policies to support domestic
demand, including through emergency off-cycle meetings. The International Monetary Fund
(IMF) and the World Bank Group are making available US$ 50 billion and US$ 14 billion,
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respectively, through various financing facilities to their membership to help them respond to the
crisis.
The annual growth of India for 2020 has been projected to be 1.9% as per IMF world Economic
Outlook April 2020.
GDP is the sum of private consumption, gross investment in the economy, government
investment, government spending and net foreign trade (difference between exports and
imports). Sectorial GDP Growth is as under:
Sectorial Growth
9.4
8.2 7.7
6.8 8.8
5.7 6.1
7.3
5.6
2.4 4.6
3.7
2.8 0.9 3.0
Agriculture, Mining & Manufacturing Electricity, Gas, Construction THTCB FRP PAD
Forestry & Quarrying Water Supply
Fishing & other Utility
Services
-5.8 FY 19 FY20
(Source: MoSPI)
(Note: Agriculture includes Agriculture, forestry & fishing, Utility includes Electricity, gas, water supply& other utility
services, THTCB include Trade, hotels, transport, communication and services related to broadcasting, FRP include
Financial, real estate & professional services, PAD include Public administration, defense and Other Services).
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Manufacturing
22.26% 17.39%
Electricity, Gas, Water Supply &
other Utility Services
Construction
7.82% 2.31%
19.56%
THTCB
(Source: MoSPI)
It may be noticed from the above that Financial, Real Estate and Professional services (FRP)
contribute highest followed by contribution from Trade, Hotels, Transport and Communication
services (THTCB). Share of Manufacturing and Agriculture sector was 3rd and 4th largest
respectively.
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The cumulative Index of Industrial Production (IIP) growth during FY 19-20 was at -0.7%.
-0.7
(Source: MoSPI)
As per IIP, in view of the global COVID-19 pandemic and consequent nationwide lockdown
measures implemented since March, 2020, the data flow from the producing units was impacted.
As some of these units are yet to resume operations, the response rate has been lower than
usual. Consequently, the Quick Estimates are likely to undergo revision and will be incorporated
in subsequent releases as per the revision policy of IIP.
6.1%
5.1% 5.1%
4.2%
3.9% 3.9%
FY 18-19
FY 19-20
During the year FY 19-20, growth in per capita GDP, income and private consumption have
decreased compared to previous FY 18-19. It may be noted share of private consumption as %
GDP has increased slightly from 56.7% in FY 18-19 to 56.9% in FY 19-20 indicating an increasing
share of private consumption in the country.
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India has not been spared from the exponential spread of COVID-19. As per IMF, growth in India
is projected to be 1.9% in 2020 and “V” shape recovery with 7.4% growth in 2021.
While efforts are being mounted on a war footing to arrest its spread, COVID-19 would impact
economic activity in India directly through domestic lockdown. Second round effects would
operate through a severe slowdown in global trade and growth.
Domestic and global shocks to key conditioning variables such as global crude oil prices, global
trade and growth, the exchange rate, the monsoon outturn and the rising frequency of their
visitations make forecasting a challenging task. Such uncertainties make the forecasting of
growth highly challenging. The actual outturn would depend upon the speed with which the
outbreak is contained and economic activity returns to normalcy.
The Q4 FY 19-20 GDP growth number offers the first indication of the impact of the Covid-19 led
lockdowns on the Indian economy. The country’s GDP grew by 3.1% in Q4 FY 19-20, the slowest
pace of growth under the new series (base year 2011-12). The fall in growth during the last
quarter of FY19-20 can in large part be attributed to the near absence of economic activity due
to the restrictions and lockdowns in March, which typically tends to be a month which sees
increased output with businesses trying to meet targets before the end of the financial year.
Since March 2020 the inflation outlook has become highly uncertain due to the COVID-19
outbreak turning into a pandemic. Crude oil prices have collapsed to lows not seen since early
2000s. With several major economies in lockdown mode, demand conditions may weaken
sharply. Accordingly, countries across the world are bracing up for deflationary forces to take
hold. India may not be immune to these extreme downside pressures imparted by the
pandemic.
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If the fall in GDP growth in Q4 FY19-20 is any indication, the prospects for the Indian economy in
FY 20-21 are grim. In the first quarter of Q1 FY 20-21, economic output of the country is
expected to be very limited, with 2 of the 3 months of the quarter seeing virtually no activity in
many sectors.
The pick-up in economic activity would be dependent on the easing of lockdown across the
country and the containment of the spread of the virus. The longer the economy at a standstill
the longer the return to normalcy. Even with easing of lockdown, revival across sectors would
vary significantly and be contingent on how they are able to address the challenges of liquidity,
labour, logistics, demand and capacity utilization.
Significant monetary and liquidity measures taken by the Reserve Bank and fiscal measures by
the government would mitigate the adverse impact on domestic demand and help spur
economic activity once normalcy is restored. Still, the government would have to play a critical
role for the revival of the economy mainly through investments which could to an extent
address the dire employment situation and also prompt consumption.
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2. DEMOGRAPHICS IN INDIA
India’s population in 2020 is estimated at 1.38 billion, predicted to overtake China’s 1.42 billion in
the near future. However, due to the higher percentage of younger people, it already has the
largest number of schools (over 1.5 million) and school-goers (over 260 million):
While India is demographically one of the youngest countries in the world, evidence of declining
birth rates can be seen when the 0–9 age group (241 million) is compared with the 10–19 age
group (252 million) – India today may therefore be at the peak of its demand for educational
provision.
According to 2011 census data, Uttar Pradesh is the most populous state, accounting for 17 per
cent of the country’s total population, followed by Maharashtra (nine per cent), Bihar (nine per
cent) and West Bengal (eight per cent). The same census estimated the national literacy rate at
74 per cent, with Kerala highest (at 94 per cent) of the 20 largest states, followed by Delhi NCT
(National Capital Territory – 86 per cent) and Maharashtra (82 per cent). The lowest literacy rate
was reported in Bihar (64 per cent), one of several states with high rural population and low
literacy rates, suggesting a correlation between these two factors. These rates have improved
significantly, by around 9.5 per cent since the 2001 census, when national rates were reported at
almost 65 per cent overall.
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According to the 2011 census, literacy rate in India was found to be 74.04 per cent. Among the states,
Kerala leads the literacy rate followed by Mizoram, Goa, Tripura, Delhi, Himachal Pradesh, Maharashtra,
and Sikkim. The lowest literacy rate in India is seen in the state of Bihar. India has seen a dramatic increase
in the literacy rates over the past decade, when it was registered as 64.83 per cent overall.
The following figure also depicts that the gap between male and female literacy rates are on the
Decline due to various measures taken by government.
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Education is the process of facilitating learning or the acquisition of knowledge, skills, values,
beliefs and habits. Educational methods include teaching, training, storytelling, discussion and
directed research. Education frequently takes place under the guidance of educators, however
learners can also educate themselves. Education can take place in formal or informal settings and
any experience that has a formative effect on the way one thinks, feels, or acts may be
considered educational. The methodology of teaching is called pedagogy.
An education system refers to the economic and social factors that typically make up public
schools at the federal, state or community levels. Such factors include public funding, school
facilities, staffing, compensation, employee benefits, teaching resources and more. Education
systems refer to the coordination of individuals (among teachers, administrators and students),
infrastructure (including safe facilities and transportation) and functioning institutions and
processes.
In ancient times, India had the Gurukula system of education in which anyone who wished to
study went to a teacher's (Guru) house and requested to be taught. If accepted as a student by
the guru, he would then stay at the guru's place and help in all activities at home. This not only
created a strong tie between the teacher and the student, but also taught the student everything
about running a house. The guru taught everything the child wanted to learn, from Sanskrit to the
holy scriptures and from Mathematics to Metaphysics. The student stayed as long as she wished
or until the guru felt that he had taught everything he could teach. All learning was closely linked
to nature and to life, and not confined to memorizing some information.
The modern school system was brought to India, including the English language, originally by Lord
Thomas Babington Macaulay in the 1830s. The curriculum was confined to “modern” subjects
such as science and mathematics, and subjects like metaphysics and philosophy were considered
unnecessary. Teaching was confined to classrooms and the link with nature was broken, as also
the close relationship between the teacher and the student.
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The Uttar Pradesh (a state in India) Board of High School and Intermediate Education was the first
Board set up in India in the year 1921 with jurisdiction over Rajputana, Central India and Gwalior.
In 1929, the Board of High School and Intermediate Education, Rajputana, was established. Later,
boards were established in some of the states. But eventually, in 1952, the constitution of the
board was amended and it was renamed Central Board of Secondary Education (CBSE). All
schools in Delhi and some other regions came under the Board. It was the function of the Board
to decide on things like curriculum, textbooks and examination system for all schools affiliated to
it. Today there are thousands of schools affiliated to the Board, both within India and in many
other countries from Afghanistan to Zimbabwe.
Universal and compulsory education for all children in the age group of 6-14 was a cherished
dream of the new government of the Republic of India. This is evident from the fact that it is
incorporated as a directive policy in article 45 of the constitution. But this objective remains far
away even more than half a century later. However, in the recent past, the government appears
to have taken a serious note of this lapse and has made primary education a Fundamental Right
of every Indian citizen. The pressures of economic growth and the acute scarcity of skilled and
trained manpower must certainly have played a role to make the government take such a step.
The expenditure by the Government of India on school education in recent years comes to
around 3% of the GDP, which is recognized to be very low.
The central and most state boards uniformly follow the "10+2+3" pattern of education. In this
pattern, study of 10 years is done in schools and 2 years in Junior colleges and then 3 years of
graduation for a bachelor's degree. The first 12 years is further subdivided into 4 years of primary
education, 6 years of High School followed by 2 years of Junior colleges. This pattern originated
from the recommendation of the Education Commission of 1964-66.
The National Council of Educational Research and Training (NCERT) is the apex body located at
New Delhi. It makes the curriculum related matters for school education across India. The NCERT
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provides support, guidance and technical assistance to a number of schools in India and oversees
many aspects of enforcement of education policies. Other curriculum bodies governing school
education system are:
The State Government Boards: Most of the state governments have one "State board of
secondary education". However, some states like Andhra Pradesh have more than one. Also the
union territories do not have a board, Chandigarh, Dadra & Nagar Haveli, Daman & Diu,
Lakshadweep and Puducherry Lakshadweep, share the services with a larger state.
Central Board of Secondary Education (CBSE) which conducts examinations at the 10th and 12th
standards that are called as board exams
The Council of Indian School Certificate Examination (CISCE): CISCE conducts three
examinations, namely, the Indian Certificate of Secondary Education (ICSE - Class/Grade 10); The
Indian School Certificate (ISC - Class/Grade 12) and the Certificate in Vocational Education (CVE -
Class/Grade 12).
The National Institute of Open Schooling (NIOS): NIOS conducts two examinations, namely,
Secondary Examination and Senior Secondary Examination (All India) and also some courses in
Vocational Education.
Islamic Madrasah Schools: Islamic Madrasah Schools whose boards are controlled by local state
governments, or autonomous, or affiliated with Darul Uloom Deoband.
Autonomous Schools: Autonomous Schools like Woodstock School, The Sri Aurobindo
International Centre of Education Puducherry, Auroville, Patha Bhavan and Ananda Marga
Gurukula.
In addition, NUEPA (National University of Educational Planning and Administration) and NCTE
(National Council for Teacher Education) are responsible for the management of the education
system and teacher accreditation.
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The Indian school education system can be segmented in either of the following ways:
a. By means of levels of education
b. By means of ownership of educational institutions
c. By means of educational board affiliations
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Pre-school: Education at this level is not compulsory. The Montessori system is especially popular
at the pre-school level:
- Private play schools: Catering for children between the ages of 18 months and three
years.
- Kindergarten: This is divided into lower kindergarten (for three- to four-year-olds) and
upper kindergarten (for four- to five year-olds
- Primary school: First to fifth standard/class/grade (for six- to ten-year-olds)
- Middle school/Upper Primary school: Sixth to eighth standard/class/grade (for 11- to 14-
year-olds)
- Secondary school: Ninth and tenth standard/class/grade (for 14- to 16-year-olds)
- Higher secondary or pre-university: 11th and 12th standard/class/grade (for 16- to 18
years old).
Pre-primary stage is the foundation of child's knowledge, skills and behaviour. On Completion of
pre-primary education child is sent to primary stage but pre-primary education in India is not a
fundamental right. In rural India pre-primary schools are rarely available in small villages and
urban area on the contrary. But in cities and big towns there are many established players in Pre-
Primary education sector.
The demand for the preschools is growing considerably in the smaller towns and cities but still
only 1% of the population under age 6 is enrolled in preschool education.
Play group (pre-nursery): At play schools, children are exposed to a lot of basic learning activities
that help them to get independent faster and develop their self-help qualities like eating food
themselves, dressing up and maintaining cleanliness.
Age limit for admission in nursery is 2 to 3 years Nursery: At Nursery level activities help child
unfold her/his talents, enables them to sharpen their mental and physical abilities. Age limit for
admission in nursery is 3 to 4 years.
Primary Education:
The Indian government lays emphasis on primary education, also referred to as elementary
education, to children aged 6 to 14 years old. Education has also been made free for children for
6 to 14 years of age or up to class VIII under the Right of Children to Free and Compulsory
Education Act 2009. Because education laws are given by the states, duration of primary school
visit alters between the Indian states. The Indian government has also banned child labour in
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order to ensure that the children do not enter unsafe working conditions. However, both free
education and the ban on child labour are difficult to enforce due to economic disparity and
social conditions. 80% of all recognised schools at the elementary stage are government run or
supported, making it the largest provider of education in the country.
However, due to a shortage of resources and lack of political will, this system suffers from
massive gaps including high pupil to teacher ratios, shortage of infrastructure and poor levels of
teacher training. Figures released by the Indian government in 2011 show that there were
58,16,673 elementary school teachers in India. As of March 2012 there were 21,27,000 secondary
school teachers in India..
Secondary Education:
Secondary education covers children aged 12 to 18, a group comprising 9.58 crore children
according to the 2011-12 Census of India. The final two years of secondary is often called Higher
Secondary (HS), Senior Secondary, or simply the "+2" stage. The two halves of secondary
education are each an important stage for which a pass certificate is needed, and thus are
affiliated by central boards of education under HRD ministry, before one can pursue higher
education, including college or professional courses.
UGC, NCERT and CBSE directives stipulate qualifying ages for candidates who wish to take board
exams. Those at least 15 years old by 30 May for a given academic year are eligible to appear for
Secondary board exams, and those 17 by the same date are eligible to appear for Higher
Secondary certificate board exams. It further states that upon successful completion of Higher
Secondary, one can apply to higher education under UGC control such as Engineering, Medical,
and Business Administration.
A special Integrated Education for Disabled Children (IEDC) programme was started in 1974 with
a focus on primary education which was converted into Inclusive Education at Secondary Stage.
Another notable special programme, the Kendriya Vidyalaya project, was started for the
employees of the central government of India, who are distributed throughout the country.
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Higher Education:
After passing the Higher Secondary Examination (the Standard 12 examination), students may
enrol in general degree programmes such as bachelor's degree in arts, commerce or science, or
professional degree programme such as engineering, law or medicine. India's higher education
system is the third largest in the world, after China and the United States. The main governing
body at the tertiary level is the University Grants Commission (India), which enforces its
standards, advises the government, and helps coordinate between the centre and the state.
Accreditation for higher learning is overseen by 12 autonomous institutions established by the
University Grants Commission.
As of 2016, India has 43 central universities, 329 state public universities, 122 Deemed
Universities and 197 State Private Universities. Other institutions include 39,071 colleges, and
11765 Institutions offering Diploma Courses.
Some institutions of India, such as the Indian Institutes of Technology (IITs), Indian Institute of
Science have been globally acclaimed for their standard of under-graduate education in
engineering. Several other institutes of fundamental research such as the Indian Association for
the Cultivation of Science (IACS), Indian Institute of Science (IISc), Tata Institute of Fundamental
Research (TIFR), Harish-Chandra Research Institute (HRI), are also acclaimed for their standard of
research in basic sciences and mathematics..
Technical education
From the first Five-year Plan onwards, India's emphasis was to develop a pool of scientifically
inclined manpower. India's National Policy on Education (NPE) provisioned for an apex body for
regulation and development of higher technical education, which came into being as the All India
Council for Technical Education (AICTE) in 1987 through an act of the Indian parliament. At the
federal level, the Indian Institutes of Technology, the Indian Institute of Space Science and
Technology, the National Institutes of Technology and the Indian Institutes of Information
Technology are deemed of national importance.
The Indian Institutes of Technology (IITs) and National Institutes of Technology (NITs) are among
the nation's premier education facilities.
The UGC has inter-university centres at a number of locations throughout India to promote
common research, e.g. the Nuclear Science Centre at the Jawaharlal Nehru University, New Delhi.
Besides there are some British established colleges such as Harcourt Butler Technological
Institute situated in Kanpur and King George Medical University situated in Lucknow which are
important centre of higher education.
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Central Universities such as Banaras Hindu University, Jamia Millia Islamia University, Delhi
University, Mumbai University, University of Calcutta, etc. too are pioneers of technical education
in the country.
Vocational education
Vocational Education refers to the skill / training imparted to the individual to undertake specific
vocation / job. The uniqueness of this training / learning programme lies in the fact that such
training can be provided to the students having already completed their higher education or are
on the verge of completing their formal education to enable them to be industry-ready as well as
to the drop-outs from the formal education system. In India, the spread of vocational education
remains limited amongst the educated youth with only 2% of the India’s youth and 7% of the
whole working age population having received vocational education as per the survey conducted
by National Sample Survey Organization (NSSO) report 2013.
The number of Industrial Training Institutes (ITIs) in India has grown from 5,114 in the year 2007
to 13,350 in the year 2016 registering CAGR of 11.25% during the said period. Correspondingly,
the seating capacity in the said institutes has grown from 13.35 Lakh in the year 2012 to 28.47
lakh in the year 2016 at a CAGR of 16.11% during the said period.
20.00
10,000
13.35
8,000 15.00
6,000 13,350
7.42 10,344 10.00
4,000
5,114 5.00
2,000
- -
2007 2012 2016
Year
Mission. New start-ups and various other businesses are growing in this industry by providing
low cost vocational training in different skills at wide scale through websites and applications.
In the Union Budget 2017, the Government provided a budgetary allocation of Rs.3,016 crores to
Ministry of Skill Development and Entrepreneurship.
At the school level, National Institute of Open Schooling (NIOS) provides opportunities for
continuing education to those who missed completing school education. 14 lakh students are
enrolled at the secondary and higher secondary level through open and distance learning. In 2012
Various state governments also introduced "STATE OPEN SCHOOL" to provide distance education.
At higher education level, Indira Gandhi National Open University (IGNOU) co-ordinates distance
learning. It has a cumulative enrolment of about 30.2 lakh, serviced through 67 regional centres
and 3,084 active learner support centres with 60,262 counselors as on March 2018. While
distance education institutions have expanded at a very rapid rate, but most of these institutions
need an up gradation in their standards and performance. There is a large proliferation of courses
covered by distance mode without adequate infrastructure, both human and physical. There is a
strong need to correct these imbalances.
Schools in India are owned either by the government (central/ state/ local government bodies) or
by the private sector (individuals, trusts or societies). Schools can thus be segmented as:
- Government Educational Institutions: These are run by the Central Government or state
governments, public sector undertaking or autonomic organisations and are wholly
financed by the government. Examples of these types of schools include state government
schools, Kendriya Vidyalayas, Ashram schools, Navodaya Vidyalayas, Sainik Schools,
Military schools, Air Force schools, and Naval schools.
- Local Body Institutions: These are run by municipal committees/ corporations/ NAC/ Zilla
Parishads/ Panchayat Samitis/Cantonment Board, etc. Examples of these types of schools
include the ones run by NDMC (New Delhi Municipality Council), Delhi Cantonment Board,
etc.
- Private-Aided Institutions: These are managed privately but receive regular maintenance
grant from the government, local body or any other public authority. The rules and
regulations followed here are same as that of the public schools. The curriculum, study
materials, syllabus, examinations, etc. for each class of education are done according to
the government rules. For the high school classes the final examinations will be same as
that of the public schools. In these institutions the education would be provided for all
students taking admissions there. The fee structure, PTA fund, etc will be collected from
the students according to the rules formulated by the government for each school. Even
the recruitment of faculties here will depend on the norms as per the government
schools. There will be no specific criteria for the admission of students in these
institutions.
- Private Unaided institutions: These are managed by an individual or a private
organisation and do not receive maintenance grant either from government, local body or
any other public authority.
- The fee structure for the students may vary greatly from that of the government
institutions. The students are admitted to these institutions according to some criteria
(entrance examinations, interviews, etc.) and it is totally under the control of the private
management. These schools generally create their own curriculum and organize
examinations for evaluating the student competency.
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The following table shows the number of schools as per ownership type according to the
provisional statistics of the Eighth All India School Educational Survey:
Nearly 50% (12 crore) students in India today are enrolled in private school while the government
schools’ enrolment ha as come down to 52.2% in 2017 from that of 74.1% in 1978. However, the
first of its kind report by Central Square Foundation based on government data revealed that
though better than government schools, the private schools have a long way to go in terms of
achieving the desired learning outcome.
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The NCERT provides support and technical assistance to a number of schools in India and
oversees many aspects of enforcement of education policies. The objective of NCERT is to assist
and advise the Ministry of Education and Social Welfare in the implementation of its policies and
major programmes in the field of education, particularly school education. Its functions include
Research, Development, Training, Extension, Publication and Dissemination and Exchange
Programmes. The NCERT also drafts, publishes and recommends school text books (from Class 1–
12) of various subjects based on the recommendations of knowledgeable faculty in the subject.
In India, the various curriculum bodies governing school education system are:
National Boards:
1. Central Board of Secondary Education (CBSE): Established in 1962 under the purview of
MHRD, CBSE gives affiliations to both public and private schools. There are currently
about 15,167 schools affiliated under CBSE. The board conducts final examinations, All
India Senior School Certificate Examination (AISSCE) for classes X and XII. It also annually
conducts the AIEEE and AIPMT examinations for admission to undergraduate courses in
engineering (and architecture) and medicine in numerous colleges spread over India. CBSE
is recognised by the Indian government and by most of the universities and colleges in
India.
2. Council of Indian School Certificate Examinations (CISCE): It is a private, non-
governmental education board in India. It conducts the ICSE (for class X) and ISC (for class
XII) examinations in India. About 1,900 schools are affiliated with the CISCE board. The
board was set up in 1956 at the meeting of the Inter-State Board for Anglo-Indian
Education, where a proposal was adopted for the setting up of an Indian Council to
administer the University of Cambridge Local Examinations Syndicate’s Examinations in
India. It was recognised as a body conducting public examinations in India by the Delhi
Education Act, 1973, passed by Parliament.
3. State Government Boards: These educational boards are regulated and supervised by the
state apex organisation for secondary and senior secondary education. A portion of the
curriculum focuses specifically on imparting knowledge about the state. Majority of Indian
schools are affiliated with the state government boards. The oldest state board is the U.P.
Board of High School & Intermediate Education established in 1922 as an autonomous
body under the Department of Education. Uttar Pradesh has the highest number of State
board schools followed by Madhya Pradesh, Rajasthan, Andhra Pradesh and Maharashtra.
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4. National Institute of Open Schooling (NIOS): It is the board of education for distance
education, under the Union Government of India. It was established by the Ministry of
Human Resource Development of the Government of India in 1989 (known as National
Open School then) to provide education inexpensively to remote areas. It provides a
number of vocational, life enrichment and community-oriented courses besides general
and academic courses at secondary and senior secondary level. Currently there are 3,827
academic centres, 1,830 vocational centres and 690 accredited agencies under NIOS.
5. International Boards:
International Baccalaureate Organisation (IBO): IBO was founded in 1968 as an
international, non-governmental, non-profit educational organization based in Geneva,
Switzerland. IB World Schools in India offer three IB programs—primary years program
(PYP), middle years program (MYP) and IB Diploma program (IBDP). There are 109 IB
World Schools in India offering one or more of the three IB programmes. 50 schools offer
the PYP, 11 schools offer the MYP and 96 schools offer the IBDP. IB is recognized by the
‘Association of Indian Universities’ as an entry qualification (equivalent to +2 qualification
of an Indian Board) to all the universities.
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The Central Advisory Board on Education (CABE), the oldest statutory body on education in India, initiated
the discussion on languages in school education in the 1940s and this continued to be a major concern in
their discussions until 1960. CABE identified five major issues as per below:
The Board devised the ‘three-language formula’ in its 23rd meeting held in 1956 with a view to removing
inequalities among the languages of India. It recommended that three-languages should be taught in the
Hindi as well as non-Hindi-speaking areas of the country at the middle and high school stages and
suggested the following two possible formulae:
1. First Formula:-
A. i. Mother tongue or
ii. Regional language or
iii. A composite course of mother tongue and a regional language or
iv. A composite course of mother tongue and a classical language or
v. A composite course of regional language or a classical language,
B. Hindi or English
C. A modern Indian language or modern European language provided it has not already been taken
under (A) or (B) above.
2. Second Formula:-
A. As Above
B. English or a modern European language
C. Hindi (for non-Hindi Speaking Areas) or another modern Indian language (for Hindi Speaking
areas)
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The three-language formula was simplified and approved by the Conference of Chief Ministers
held in 1961 as follows:
1. The regional language or the mother tongue when the latter is different from the regional
language
2. Hindi or any other Indian language in Hindi speaking areas; and
3. English or any other modern European language.
(GOI 1962:67)
CABE also deliberated in detail on the study of English as a compulsory subject as recommended
by the education ministers’ conference held in 1957:
1. English should be taught as a compulsory language both at the secondary and the university
stages, students acquire adequate knowledge of English so as to be able to receive education
through this language at the university level.
2. English should not be introduced earlier than class V. The precise point at which English should
be started at the middle stage was left to each individual state to decide.
(MOE 1957, quoted in Agarwal 1993:98)
A comprehensive view of the study of languages at school was undertaken and concrete
recommendations were made by the Education Commission between 1964 and 1966 (MOE 1966).
The Commission, having taken account of the diversity of the Indian context, recommended a
modified or graduated three-language formula:
1. The mother tongue or the regional language
2. The official language of the Union or the associate official language of the Union so long as it
exists; and
3. A modern Indian or foreign language not covered under (1) and (2) and other than that used as
the medium of instruction.
(MOE 1966:192)
Twenty-two languages are afforded official status in India, referred to as ‘scheduled languages’ in the
Constitution. According to one source, these constitute the ‘first’ spoken language of over 96 per cent of
the population. However, estimates of the total number of languages in India (depending on how
language–dialect divisions are drawn) have varied from over 1,600 (based on the 1971 selfreported census
data) to less than 300, with Ethnologue (in 2019) estimating 447 living languages.
There are 25 distinct writing scripts used in India today, including variants on the Northern Brahmic (e.g.
Hindi) and Southern Brahmic (e.g. Tamil) scripts. This creates a complex situation for language in
education policy, both in the classroom and in the community, where language, culture and ethnicity are
inextricably linked.
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According to government figures, initiatives to provide access to school for all children have led
to increase in the total number of schools in India, from 971,000 in 2000 to 1.52 million in 2015.
Over the same period, higher education institutions multiplied five-fold, from just over 10,000 in
2000 to nearly 52,000 in 2015. Enrolments during this period have increased, from 186 million
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students in schools (primary and secondary) in 2000 to 261 million (197 million primary, 64
million secondary) in 2015, and from 8.6 million higher educational enrolments (universities,
colleges and standalone institutions) in 2000 to 33.6 million in 2014.
Percentage of Children Enrolled In Different Types Of Schools By Age Group And Gender 2018 in
Rural India:
Age Group Govt Pvt Other Not in Total
School
Age 6-14 All 65.6 30.9 0.7 2.8 100
Age 7-16 All 64.2 30.8 0.7 4.4 100
Age 7-10 All 66.0 31.7 0.7 1.6 100
Age 7-10 Boys 62.4 35.4 0.7 1.6 100
Age 7-10 Girls 69.9 27.8 0.7 1.6 100
Age 11-14 All 65.0 30.6 0.7 3.7 100
Age 11-14 Boys 61.6 34.4 0.7 3.3 100
Age 11-14 Girls 68.4 26.8 0.8 4.1 100
Age 15-16 All 57.6 28.9 0.6 13.1 100
Age 15-16 Boys 55.7 31.2 0.5 12.6 100
Age 15-16 59.0 26.9 0.7 13.5 100
(Source – ASER)
Note:- “Other” includes children going to Madarsa or EGS
“Not in School” includes children who never enrolled or have dropped out
- Overall enrollment (age 6-14): For more than ten years, since 2007, the enrollment of
children for the age group 6 to 14 has been above 95%. The proportion of children (age 6-
14) who are not enrolled in school has fallen below 3% for the first time and stands at
2.8% in 2018.
- Girls out of school: In 2006, the all India proportion of girls in the age group 11 to 14 who
were out of school stood at 10.3%. In that year, 9 major states had out of school figures
for girls (age 11-14) above 10%. In 2018, the overall proportion of girls in the 11 to 14 age
group out of school has fallen to 4.1%. This figure is more than 5% in only 4 states.
Further, in 2008, nationally, more than 20% of girls in the 15 to 16 age group were not
enrolled in school. In 2018, this figure has decreased to 13.5%.
- Private school enrollment: The period 2006 to 2014 saw a year-on-year increase in the
proportion of children (age 6-14) enrolled in private school. In 2014, this figure stood at
30.8%. Since then private school enrollment appears to have plateaued for this age group.
The percentage of children (age 6-14) enrolled in private school was 30.6% in 2016 and is
almost unchanged at 30.9% in 2018.
- The national average hides changes in private school figures across states. There has been
a decline in private school enrollment of more than 2 percentage points over 2016 levels
in Rajasthan, Uttar Pradesh, and Kerala. An increase of more than 2 percentage points
over 2016 is visible in Jammu and Kashmir, Himachal Pradesh, Bihar, and Gujarat. Most
states in the north-east, other than Mizoram, see an increase in private school enrollment
between 2016 and 2018.
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The advent of e-books, however, has upturned the scenario and there is almost no limit to how
many books one can own and access on the go. Saved in our computer’s drive, they need no
physical space and maintenance. We can also upgrade to the latest version without much hassle.
They are cheaper, more interactive and eco-friendly.
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Technology is widening the scope of creativity in learning and boosting student engagement.
Newer applications of augmented reality (AR) and virtual reality (VR) are revolutionizing how
knowledge is shared and absorbed. With gamification of difficult concepts, students are now
experiencing the fun element in learning.
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5. Mass Illiteracy:
Despite constitutional directives and economic planning India isnot able to achieve cent percent
literacy. -Even now 35 percent people remain illiterate. In India, the number of illiterates is
almost one-third of the total illiterates in the world. Advanced countries are 100% literate; the
position in India is quite dismal.
6. Wastage of resources:
Indian education system is based on General Education. The dropout rate is very high in primary
and secondary level. Most of the students in 6-14 age groups leave the school before completing
their education. It leads to wastage of financial and human resources.
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Education Policy 2020 lays particular emphasis on the development of the creative potential of
each individual. It is based on the principle that education must develop not only cognitive
capacities - both the ‘foundational capacities ’of literacy and numeracy and ‘higher-order’
cognitive capacities, such as critical thinking and problem solving – but also social, ethical, and
emotional capacities and dispositions.
The rich heritage of ancient and eternal Indian knowledge and thought has been a guiding light
for this Policy. The pursuit of knowledge (Jnan), wisdom (Pragyaa), and truth (Satya) was always
considered in Indian thought and philosophy as the highest human goal.
The aim of education in ancient India was not just the acquisition of knowledge as preparation for
life in this world, or life beyond schooling, but for the complete realization and liberation of the
self. World-class institutions of ancient India such as Takshashila, Nalanda,Vikramshila, Vallabhi,
set the highest standards of multidisciplinary teaching and research and hosted scholars and
students from across backgrounds and countries.
The Indian education system produced great scholars such as Charaka, Susruta, Aryabhata,
Varahamihira, Bhaskaracharya, Brahmagupta, Chanakya, Chakrapani Datta, Madhava, Panini,
Patanjali, Nagarjuna, Gautama, Pingala, Sankardev, Maitreyi, Gargi and Thiruvalluvar, among
numerous others, who made seminal contributions to world knowledge in diverse fields such as
mathematics, astronomy, metallurgy, medical science and surgery, civil engineering, architecture,
shipbuilding and navigation, yoga, fine arts, chess, and more.
Indian culture and philosophy have had a strong influence on the world. These rich legacies to
world heritage must not only be nurtured and preserved for posterity but also researched,
enhanced, and put to new uses through its education system.
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Role of Teachers:
The teacher must be at the centre of the fundamental reforms in the education system. The new
education policy must help re-establish teachers, at all levels, as the most respected and essential
members of our society, because they truly shape our next generation of citizens. It must do
everything to empower teachers and help them to do their job as effectively as possible. The new
education policy must help recruit the very best and brightest to enter the teaching profession at
all levels, by ensuring livelihood, respect, dignity, and autonomy, while also instilling in the
system basic methods of quality control and accountability.
The purpose of the education system is to develop good human beings capable of rational
thought and action, possessing compassion and empathy, courage and resilience, scientific
temper and creative imagination, with sound ethical moorings and values. It aims at producing
engaged, productive, and contributing citizens for building an equitable, inclusive, and plural
society as envisaged by our Constitution.
The fundamental principles that will guide both the education system at large, as well as the
individual institutions within it are:
By sensitizing teachers as well as parents to promote each student’s holistic development in both
academic and non-academic spheres.
• Flexibility:-
Flexibility to the students so that learners have the ability to choose their learning trajectories and
programmes, and thereby choose their own paths in life according to their talents and interests.
• No Hard Separations:- No hard separations between arts and sciences, between curricular and extra-
curricular activities, between vocational and academic streams, etc. in order to eliminate harmful
hierarchies among, and silos between different areas of learning;
• Multi Disciplinarity and a Holistic Education across the sciences, social sciences, arts, humanities, and
sports for a multidisciplinary world in order to ensure the unity and integrity of all knowledge.
Conceptual Understanding:-
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• Creativity and Critical Thinking:- Creative and critical thinking to encourage logical decision-making and
innovation;
• Ethics and Human & Constitutional Values:- Empathy, respect for others, cleanliness, courtesy,
democratic spirit, spirit of service, respect for public property, scientific temper, liberty, responsibility,
pluralism, equality, and justice;
• Formative Assessment:- Focus on regular formative assessment for learning rather than the summative
assessment that encourages today’s ‘coaching culture ’;
• Use of Technology:- Extensive use of technology in teaching and learning, removing language barriers,
increasing access for Divyang students, and educational planning and management;
• Diversity:- Respect for diversity and respect for the local context in all curriculum, pedagogy, and policy,
always keeping in mind that education is a concurrent subject;
• Equity:- Full equity and inclusion as the cornerstone of all educational decisions to ensure that all
students are able to thrive in the education system;
• Synergy:- Synergy in curriculum across all levels of education from early childhood care and education to
school education to higher education;
• Development of Faculty:- Teachers and faculty as the heart of the learning process – their recruitment,
continuous professional development, positive working environments and service conditions;
• Regulatory Framework:- A ‘light but tight’ regulatory framework to ensure integrity, transparency, and
resource efficiency of the educational system through audit and public disclosure while encouraging
innovation and out-of-the-box ideas through autonomy, good governance, and empowerment; •
outstanding research as a corequisite for outstanding education and development.
• Regular Assessment:- continuous review of progress based on sustained research and regular
assessment by educational experts;
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Currently, children in the age group of 3-6 are not covered in the 10+2 structure as Class 1 begins
at age 6. In the new 5+3+3+4 structure, a strong base of Early Childhood Care and Education
(ECCE) from age 3 is also included, which is aimed at promoting better overall learning,
development, and well-being.
Over 85% of a child’s cumulative brain development occurs prior to the age of 6, indicating the critical
importance of appropriate care and stimulation of the brain in the early years in order to ensure healthy
brain development and growth.
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The ability to read and write, and perform basic operations with numbers, is a necessary foundation and
an indispensable prerequisite for all future schooling and lifelong learning. However, various
governmental, as well as non-governmental surveys, indicate that India is currently in a learning crisis: a
large proportion of students currently in elementary school - estimated to be over 5 crore in number -
have not attained foundational literacy and numeracy, i.e., the ability to read and comprehend basic text
and the ability to carry out basic addition and subtraction with Indian numerals.
- Curtailing Dropout Rates and Ensuring Universal Access to Education at All Levels
One of the primary goals of the schooling system must be to ensure that children are enrolled in and are
attending school. Through initiatives such as the Sarva Shiksha Abhiyan (now the Samagra Shiksha) and
the Right to Education Act, India has made remarkable strides in recent years in attaining near-universal
enrolment in elementary education. However, the data for later grades indicates some serious issues in
retaining children in the schooling system. The GER for Grades 6-8 was 90.9%, while for Grades 9-10 and
11-12 it was only 79.3% and 56.5%, respectively - indicating that a significant proportion of enrolled
students drop out after Grade 5 and especially after Grade 8.
As per the 75th round household survey by NSSO in 2017-18, the number of out of school children in the
age group of 6 to 17 years is 3.22 crore. It will be a top priority to bring these children back into the
educational fold as early as possible, and to prevent further students from dropping out, with a goal to
achieve 100% Gross Enrolment Ratio in preschool to secondary level by 2030.
- Curriculum and Pedagogy in Schools: Learning Should be Holistic, Integrated, Enjoyable, and
Engaging
The curricular and pedagogical structure of school education will be reconfigured to make it responsive
and relevant to the developmental needs and interests of learners at different stages of their
development, corresponding to the age ranges of 3-8, 8-11, 11-14, and 14-18 years, respectively. The
curricular and pedagogical structure and the curricular framework for school education will therefore be
guided by a 5+3+3+4 design, consisting of the Foundational Stage (in two parts, that is, 3 years of
Anganwadi/pre-school + 2 years in primary school in Grades 1-2; both together covering ages 3-8),
Preparatory Stage (Grades 3-5, covering ages 8-11), Middle Stage (Grades 6-8, covering ages 11-14), and
Secondary Stage (Grades 9-12 in two phases, i.e., 9 and 10 in the first and 11 and 12 in the second,
covering ages 14-18).
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The Foundational Stage will consist of five years of flexible, multilevel, play/activity-based learning and
the curriculum and pedagogy of ECCE.
The Preparatory Stage will comprise three years of education building on the play, discovery, and activity-
based pedagogical and curricular style of the Foundational Stage, and will also begin to incorporate some
light text books as well as aspects of more formal but interactive classroom learning, in order to lay a solid
groundwork across subjects, including reading, writing, speaking, physical education, art, languages,
science, and mathematics.
The Middle Stage will comprise three years of education, building on the pedagogical and curricular style
of the Preparatory Stage, but with the introduction of subject teachers for learning and discussion of the
more abstract concepts in each subject that students will be ready for at this stage across the sciences,
mathematics, arts, social sciences, and humanities. Experiential learning within each subject, and
explorations of relations among different subjects, will be encouraged and emphasized despite the
introduction of more specialized subjects and subject teachers.
The Secondary Stage will comprise of four years of multidisciplinary study, building on the subject-
oriented pedagogical and curricular style of the Middle Stage, but with greater depth, greater critical
thinking, greater attention to life aspirations, and greater flexibility and student choice of subjects. In
particular students would continue to have the option of exiting after Grade 10and re-entering in the next
phase to pursue vocational or any other courses available in Grades 11- 12, including at a more specialized
school, if so desired.
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Curriculum content will be reduced in each subject to its core essentials, to make space for critical thinking
and more holistic, inquiry-based, discovery-based, discussion-based, and analysis based learning. The
mandated content will focus on key concepts, ideas, applications, and problem solving. Teaching and
learning will be conducted in a more interactive manner; questions will be encouraged, and classroom
sessions will regularly contain more fun, creative, collaborative, and exploratory activities for students for
deeper and more experiential learning.
Experiential learning
In all stages, experiential learning will be adopted, including hands-on learning, arts-integrated and sports-
integrated education, story-telling-based pedagogy, among others, as standard pedagogy within each
subject, and with explorations of relations among different subjects. To close the gap in achievement of
learning outcomes, classroom transactions will shift, towards competency-based learning and education.
The assessment tools (including assessment “as”, “of”, and “for” learning) will also be aligned with the
learning outcomes, capabilities, and dispositions as specified for each subject of a given class.
Students will be given increased flexibility and choice of subjects to study, particularly in secondary school
- including subjects in physical education, the arts and crafts, and vocational skills – so that they can design
their own paths of study and life plans. Holistic development and a wide choice of subjects and courses
year to year will be the new distinguishing feature of secondary school education. There will be no hard
separation among ‘curricular’, ‘extracurricular ’, or ‘co-curricular’, among ‘arts’, ‘humanities’, and
‘sciences’, or between ‘vocational’ or ‘academic’ streams. Subjects such as physical education, the arts and
crafts, and vocational skills, in addition to science, humanities, and mathematics, will be incorporated
throughout the school curriculum, with a consideration for what is interesting and safe at each age.
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Below are some of the initiatives taken by the government for Improving Education System in
India:-
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The model curriculum prepared for this course includes crucial aspects like gender inclusive
education, ICT, yoga, Global Citizenship Education (GCED) and Health & Sanitation. The teaching
specialization would primarily be for the primary levels and the secondary level.
5. Quality education
The Right of Children to Free and Compulsory Education (Amendment) Act, 2018 has been
notified on January 11, 2019. The said Act provides to empower the appropriate government to
take a decision as to whether to hold back a child in class 5 or in class 8 or in both the classes, or
not to hold back a child in any class till the completion of elementary education. The Act seeks to
improve the learning levels of children and will lead to greater accountability and improvement in
the quality of education.
6. Equality in Education
The Central Government has launched an integrated scheme for school education named as
Samagra Shiksha, w.e.f. 2018-19 which subsumes the three erstwhile Centrally Sponsored
schemes of school education i.e Sarva Shiksha Abhiyan (SSA), Rashtriya Madhyamik Shiksha
Abhiyan (RMSA), and Centrally Sponsored Scheme on Teacher Education (CSSTE).
The common objectives of all these schemes were to enhance access, to promote equity through
the inclusion of disadvantaged groups and weaker sections and to improve the quality of
education. The new integrated scheme envisages school education as a continuum from pre-
school to senior secondary level and aims to ensure inclusive and equitable quality education at
all levels.
7. International exposure
Government of India has decided to participate in the programme for International Students
Assessment (PISA) to be conducted by the Organization for Economic Cooperation and
Development (OECD) in 2021.
PISA is a competency based assessment which unlike content based assessment, measures the
extent to which students have acquired key competencies that are essential for full participation
in modern societies.
Learnings from participation in PISA help to introduce competency based examination reforms in
the school system and help move away from rote learning. The Central Board of Secondary
Education (CBSE) and NCERT are a part of the process and activities leading to the actual test.
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Combine training methods that involve online learning and games, and is expected to
grow 38 per cent in the next 2-4 years
Adopt transformative and innovative approaches in Higher education
Reduce state-wise, gender based and social disparity in GER to 5 per cent
Emerge as the 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 five 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 universities
Various Government initiatives are being adopted to boost the growth of distance education
market besides focusing on new education techniques, such as E-learning and M-learning.
Education sector has seen a host of reform and improved financial outlays in recent years that
could possibly transform the country into a knowledge haven. With human resource increasingly
gaining significance in the overall development of the country, development of education
infrastructure is expected to remain the key focus in the current decade. In this scenario,
infrastructure investment in the education sector is likely to see a considerable increase in the
current decade. Below are projects commissioned in past few years and upcoming years for
education sector in India:-
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The Government of India has taken several steps including opening of IIT’s and IIM’s in new
locations as well as allocating educational grant for research scholars in most Government
institutions. Furthermore, with online mode of education being used by several educational
organisations, the higher education sector in India is set for major change and development in
the years to come.
*****
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CART Profile
CARE Advisory Research & Training Ltd. (CART) is a wholly-owned subsidiary of CARE Ratings Limited .
CART is engaged in the business of rendering financial and management advisory services,
undertaking diligence studies and appraisals of all types of projects and other related research. CART
also caters to the training needs of corporates and professionals through its training programme
offerings.
CARE Research
CARE Research services a variety of business research needs with credible, high-quality research and analysis on various facets of the
Economy and Industries. CARE Research provides customised research services to Indian and Multinational corporates for their various
requirements. CARE Research draws its strengths from CARE group's more than two decade long experience and its in-depth
understanding of the economy/industries, use of rigorous analytical methods and its knowledge pool. CARE Research has an in-house
team of qualified, experienced analysts. CARE Research is committed to provide accurate and reliable research to its clients within
specified timeframe to enable them make superior decisions.
CARE Training
CARE Training caters to the training needs of corporates and professionals. Our training programmes are designed to assist trainees in
gearing up to the dynamic business requirements. Meticulous thought process, mix of case Studies and in-house expertise gathered
within CARE group over 2 decades is used to develop course module & content. CARE Training offers its programmes through on-line as
well as through class room mode. CARE Training also offers customised training programme to Corporates/FIs for their specific training
needs.
Contact us at:
CARE Advisory Research and Training Ltd.
1102/1103, 11TH Floor, A wing, Kanakia Wall Street, Chakala, Andheri Kurla Road, Andheri East, Mumbai - 400093.
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