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Economy and education are interconnected, explains Dr Ganesh Rao, Director, MITCON Institute of Management

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Dr Ganesh Rao

“Economy and education are very closely interconnected. It is impossible for any country to be developed without allocating highest possible expenditure for development of education and human resource,” Dr Ganesh Rao, Director, MITCON Institute of Management, Pune.

He was among the key speakers at 11th Higher Education and Human Resource Conclave who shared their thoughts to improve the higher education sector of India. He suggested various measures that may help the country’s youth and economy to grow simultaneously.

He emphasised on nurturing the students without confused minds saying, “Unemployable, globalised curriculum and globalised context are among the key buzzwords among the education fraternity nowadays. It is creating doubts in the minds of young students.”

Questioning the media’s role in improving the education ecosystem across the country, Dr Rao said, “With a population of around 140 crore of which 50 crore — a bit less than half of the population belongs to the age group of 5-24. We have got 900 universities; 40,000 colleges; nine lakh faculty members; and 3.5 crore students out of 140 crore. Nowadays, it is very common in media publications and news papers to create panic about Indian education sector.”

Suggesting the measures for improving the current scenario, Dr Rao suggested that the educators can play major role in that. He said, “It has been done by publishing the stories like: Engineering colleges are closing down!!! Is there a problem and others? It is very important for us as educationist to come together and reveal the truth that there is no such crisis, only a mismatch. This mismatch has to be tuned right without being panic.”

He also defines that what exactly are the changes required for education sector. Emphasising that not the basic education rather we need to change the practices, he said, “Another very common thing we hear nowadays is that the education system needs to be changed. It is important to note here that we need not to change the education basics rather we just need to change education practices and adopt latest technologies. We need to inculcate confidence among the youth so that they don’t get stressed due to ridiculous stories.”

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