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CP Gurnani joins upGrad’s Board of Directors

CP Gurnani

upGrad has announced to onboard former CEO and Managing Director of Tech Mahindra – CP Gurnani as its Board of Directors. He will assume the position at the earliest in January 2024.

Gurnani has been appointed as an autonomous non-executive director. While the edtech will continue to expand its domestic and global operations, Gurnani will support it with his skills and experience. Gurnani becomes the second non-executive directors following the announcement in March of last year by the India HQ skilling giant regarding the appointment of Dan Rosensweig from Chegg.

“As an Independent Director, I will prioritise the global expansion of the company, leveraging its strong credentials. My focus is to work with the leadership teams to transform upGrad into a highly export-oriented product, tapping into opportunities in B2B and B2C markets. It’s interesting to observe how upGrad is reversing the pyramid, empowering millions, and addressing the rising demand for upskilling, particularly in times of AI. It is creating a talent pipeline for the world, and I am committed to guiding them on building more smart content and individualised learning trajectories for learners from diverse backgrounds and geographies. I intend to work with the Board and mentor the management to set audacious goals that align with positioning upGrad as the global smart content factory”, C.P. Gurnani expressed her enthusiasm on joining the edtech.

The company’s Co-Founder & Chairperson, Ronnie Screwvala also expressed his greetings and said, “At upGrad we have laid a strong and long-term goal of being a Lifelong Learning partner as we power career success for the global workforce. I’m confident that CP’s profound leadership and ability to pre-empt market trends would further enhance our framework and underpin the integrity and efficiency of our business model. CP comes with a very strong business intellect and has a proven record of scaling businesses across both B2B and B2C segments.”

University of Sharjah collaborates with Fujairah Research Centre to enhance research infrastructure

The University of Sharjah and Fujairah Research Centre

The University of Sharjah and Fujairah Research Centre have joined hands to work collaboratively on research infrastructure and establish the ‘Fujairah Chair in Applied Science and Technology’ in the University of Sharjah Campus.

Dr. Hamid Al-Nuaimi, Chancellor of the University of Sharjah, and Dr. Fouad Lamghari Ridouane, Director of Fujairah Research Centre officially signed this partnership and expressed their happiness and expectation from this major collaboration.

As per the agreement, Fujairah Research Centre will support research activities and finance the Chair, enhancing collaborative efforts to promote community and sustainable development. In parallel, to address the environmental challenges facing the UAE, the University of Sharjah will prepare extensive studies, conduct research, and offer scientific expertise.

“To establish the Fujairah Chair for Professorship at the University of Sharjah to support collaborative scientific research and studies in the fields of technological and applied sciences, artificial intelligence, and biological and environmental sciences”, Dr. Al-Nuaimi expressed his happiness at signing the agreement with Fujairah Research Centre.

“The University’s commitment to providing a conducive environment for the preparation of scientific research that contributes to serving the community and meeting its needs in various fields, in collaboration with various local and international entities and institutions”, added Dr. Al-Nuaimi.

Dr. Fouad Lamghari Ridouane expressed his excitement about signing this partnership and said, “Fujairah Research Centre prides itself on national partnerships with the UAE’s most influential institutions. This exciting project is a part of this long-standing tradition and will embody the spirit of innovation that has so often been a catalyst for ground-breaking advancements in critical social, economic, and environmental areas.”

Developing collaborative research and scientific studies in the areas of applied sciences, technology, Artificial Intelligence, Internet of Things, biology, environmental sciences, and medical sciences is the main goal of the scientific chair. The University of Sharjah focuses on leading the way in applied scientific research with community development. It has set up many research centers with more than 80 research groups working on a variety of projects that benefit society in different ways.

KnowledgeHut CEO Subramanyam Reddy quits

Subramanyam Reddy

Subramanyam Reddy, Founder and Chief Executive Officer of KnowledgeHut has resigned. KnowledgeHut is owned by upGrad, a learning platform for higher education.

Reddy has served at the company for nearly 13 years and as per reports reddy has submitted his resignation last month and is currently on a notice period.

Operating in 70 countries on 6 continents, KnowledgeHut is providing training to corporate and individuals. In addition to providing accredited training programs that can be purchased off-the-shelf, it also customizes training materials to meet the unique needs of clients in a variety of industries.

The company created PRISM, an AI-driven immersive platform that offers full stack development, scrum, and agile-focused courses in a variety of categories.

KnowledgeHut has two other co-founders which includes Madhavarapu Nagaraju and Manjunath V. While Nagaraju quit knowledgehut after upGrad acquired the company, and Manjunath V. still leads the company’s business strategy and marketing.

According to a report, approximately 24 startup CEOs have resigned from their positions. These companies include BharatPe, ZestMoney, Cuemath, DealShare, upGrad, boAt, Porter and others.

India’s first all-girls Sainik school inaugurated in Uttar Pradesh

Defence Minister Rajnath Singh

Defence Minister Rajnath Singh has inaugurated India’s first all-girls Sainik school. The school at Vrindavan is established as part of the initiative to start 100 new Sainik schools. The first Sainik school for girls will be a guiding light for girls who want to join the armed forces.

Uttar Pradesh Chief Minister Yogi Adityanath, Defence Minister Rajnath Singh, and other senior officials of the Uttar Pradesh government were present at the time of the inaugural of Samvid Gurukulam Girls Sainik School, Vrindavan. This school will be in addition to the 33 existing schools.

“Samvid Gurukulam Girls Sainik School is a beacon of light for girls who aspire to join the Armed Forces and serve the motherland. Under the visionary leadership of Prime Minister Narendra Modi, the government has given women their rightful place in the Armed Forces, which was neglected for years,” said Rajnath Singh on the occasion.

“They (girls) have the right to protect the nation just like their male counterparts. It was a golden moment in the history of women’s empowerment when we approved the admission of girls to Sainik schools. Today, our women are not only flying fighter jets, they are also securing the borders,” he added further.

“They find peace in Vrindavan by worshipping Lord Krishna and Radha Rani. Even rickshaw pullers here greet with ‘Radhe-Radhe’. ‘Radhe-Radhe’ is ingrained in the people’s lives here. The military school here is not opened by me but on the orders of Radha-Krishna,” the defence minister added.

Singh had authorized the gradual admission of female students to Sainik schools beginning in the academic year 2021–2022 in 2019. The decision was made in response to the defense ministry’s pilot project at Sainik School Chhingchhip in Mizoram, which proved successful.

According to the statement, the goal of the plan to open 100 new Sainik schools is to give students a high-quality education in line with the National Education Policy 2020 and better career opportunities, such as the opportunity to enlist in the military.

IIT Roorkee partners with IIT Bhilai to enhance research and academic goals

IIT Roorkee mou

Indian Institute of Technology Roorkee (IIT Roorkee) and Indian Institute of Technology Bhilai (IIT Bhilai) have partnered to strengthen both institutions’ research and academic goals. The MoU was signed to promote the Indian Knowledge System and contribute to socio-economic development of tribal areas.

Enhancing the research ecosystem, the strategic partnership emphasized the importance of research on tribal culture studies, traditional medicinal plants, financial literacy among tribal populations, and agricultural practices in tribal regions. With a major aim for academic enhancement, both institutions have agreed to jointly organise symposiums, conferences, workshops, and short-term training programs.

The Mou was signed in the presence of Professor K K Pant, Director IIT Roorkee and Professor Rajiv Prakash, Director IIT Bhilai at IIT Bhilai.

According to an institute statement released in this regard, the collaboration is a major step towards raising youth awareness of Indian culture and heritage and is in line with the Government of India’s ambitious vision of Viksit Bharat@2047.

The institutes also stated that the partnership will actively support the goals stated in the National Education Policy (NEP) 2020, with a particular focus on the integration of Indian Knowledge Systems into the educational framework.

Along with developing projects on sustainable and rural development, ancient Indian science, fintech, health science, agriculture, artificial intelligence, complementary and alternative medicine, life management, environment, renewable energy, food processing, tourism management, languages, peace and conciliation, music, humanities, and common interest, both institutions will share knowledge and promote Indian culture and knowledge systems as part of the agreement.

Rewind 2023 – A Year of Notable Milestones

rewind 2023 year

As the National Education Policy (NEP 2020) completes three years, a slew of changes have been instilled into the education ecosystem. The year 2023 was marked by significant momentum, India’s higher education institutions saw an impressive expansion beyond national borders, reflecting a robust outward push in the sector. The edtech segment, too, underwent substantial transformations. Prominent edtech companies such as Unacademy, upGrad, and Vedantu experienced substantial growth, broadening their scope and reach. However, it was a challenging year for Byju’s. Beyond these highlights, 2023 was filled with numerous developments in the education sector. Let’s take a retrospective look at the key events and changes that shaped education in India during the year.

India’s Higher Education Ecosystem Upticks Significant Advancements

The year marked a significant phase in the evolution of India’s higher education system. From increased enrollment to innovative collaborations, the landscape of higher education in India saw transformative changes, fostering an environment conducive to holistic learning and skill development.

Record Enrollment and Gender Parity

A remarkable highlight of the year was the surge in enrollment in higher education institutions (HEIs), reaching an unprecedented total of 4.32 crore, a 7.5% increase from 2019-20 and a 21% rise from 2014-15. Notably, the enrollment of female students saw a significant jump, indicating strides toward gender parity in higher education.

Notable Initiatives and Collaborations

  • SATHEE Platform Launch: The Ministry of Education, in collaboration with IIT Kanpur, launched SATHEE (Self Assessment Test and Help for Entrance Exams), providing students with self-paced interactive learning and evaluation tools for competitive exams.
  • UGC’s Approval of Short-term Skill Development Courses: Aligning with the New Education Policy (NEP) 2020, UGC approved guidelines for short-term, skill-based courses in HEIs, emphasizing practical training and real-world experience.
  • ISRO-IIT Madras Collaboration: The Indian Space Research Organization and IIT Madras joined hands to develop a training module for the Indian Spaceflight Program using technologies like XR, MR, AR, and VR.
  • IIT Madras and YNOS Partnership: This collaboration led to the creation of India’s first information platform for incubators and accelerators, aimed at supporting emerging businesses in the entrepreneurial landscape.

Regulatory and Policy Shifts

  • Foreign Universities in India: UGC announced draft regulations allowing foreign universities to set up campuses in India with their admissions procedures, a move that is expected to globalize the Indian higher education landscape.
  • UGC’s Draft Rules for Foreign Degrees: The UGC released draft rules to determine the validity of foreign degrees, though these do not apply to online or distance learning degrees or certain professional fields.
  • IIT Kharagpur’s New Programs: IIT Kharagpur announced the start of an MBBS program and a dual degree program (BTech and MTech), expanding its academic offerings in line with NEP 2020.

Enhancing Research and Development

The UGC’s initiative to form R&D clusters at the state or central level, in collaboration with industries and various government departments, is set to address regional technological needs and equip students with relevant skills through internships.

Data Integration and Policy Execution

  • ‘One Nation, One Data’ Portal: A significant step towards data consolidation, this portal will act as a single point of data exchange for all higher education institutions in India.
  • Promotion of NEP 2020: The UGC launched two new projects – a portal for professors of practice (PoP) and the comprehensive UTSAH portal, to promote the execution of NEP 2020 and elevate the standard of higher education.

Toward a Unified Regulatory Framework

The proposal for a single higher education regulator, the Higher Education Commission of India, which may include Institutes of National Importance (INIs) like IITs, IIMs, NITs, and IISERs, suggests a move toward a more streamlined governance model in higher education.

Government Initiatives Reshaping India’s Educational Landscape

India has been at the forefront of implementing a range of transformative educational initiatives aimed at enhancing the skills and knowledge of its youth, preparing them for the global stage. These efforts are not just confined to traditional learning but extend to technical, financial, and emotional aspects of education. Let’s explore some of the key initiatives that are reshaping India’s educational landscape.

AICTE, NSDC & Bajaj Finserv Partnership

In a significant collaboration, the All India Council of Technical Education (AICTE), National Skill Development Corporation (NSDC), and Bajaj Finserv launched a certificate program in Banking, Finance, and Insurance (BFSI). This initiative is designed to prepare graduates for thriving careers in the financial services sector, equipping them with the necessary skills and knowledge.

Gunvatta Gurukul by QCI

The Quality Council of India introduced Gunvatta Gurukul, an eight-week program targeting young professionals dedicated to national development and service excellence. This program is a testament to India’s commitment to nurturing a workforce that is not only skilled but also devoted to societal progress.

Vedas and Indian Languages in Curriculum

Union Education Minister Dharmendra Pradhan announced an investment of Rs 100 crore to integrate Vedas and Indian languages into the educational curriculum. This initiative marks a significant step towards preserving and promoting indigenous knowledge systems, reflecting India’s rich cultural heritage.

Global Outreach and Collaboration

The inauguration of the IIT Madras-Zanzibar Campus exemplifies India’s efforts to internationalize its education system. Moreover, bilateral talks with the U.S. are focused on enhancing academic partnerships and establishing a Global Challenges Institute, furthering global educational collaboration.

Yuva Sangam Portal

Launched by Union Minister Dharmendra Pradhan, this portal focuses on organizing youth exposure tours, fostering cultural exchange, and promoting national integration. It’s a platform that encourages the youth to understand and appreciate the diversity of India.

AICTE Placement Portal for Rural and Tribal Areas

This innovative initiative aims to ensure equitable employment opportunities for students from rural and tribal backgrounds, promoting inclusivity in education and employment.

CBSE Office in the UAE

The establishment of a CBSE office in the UAE aims to support the growing number of CBSE-affiliated schools in the region, enhancing the global presence of the Indian education system.

Strengthening India’s Semiconductor Sector

The Ministry of Education and AICTE are focusing on talent development in the semiconductor sector, a crucial area for technological advancement and economic growth.

AICTE’s New Courses in VLSI Design and Technology

Launched by the Ministry of Electronics and Information Technology, these courses aim to build a robust talent pool in semiconductor technology, aligning with the industry’s needs.

NCERT’s Deemed-to-be-University Status

This recognition enables NCERT to expand its global footprint and engage in international educational collaborations, elevating its stature in the global educational arena.

AICTE and Jio Institute’s AI Faculty Development Program

This collaboration enhances educators’ knowledge in AI and Data Science, preparing them to deliver cutting-edge education in these rapidly evolving fields.

Upgradation of DIKSHA with Oracle Cloud Infrastructure

This move by the Ministry of Education aims to enhance the efficiency and reach of DIKSHA, a national education technology platform, leveraging advanced technology to improve educational outcomes.

India-US Working Group on Education and Skill Development

This bilateral group focuses on fostering collaboration in education and skill development between India and the U.S., enhancing the educational ties between the two nations.

AICTE and MGIEP’s MoU for Sustainable Development

In alignment with UN Sustainable Development Goals, this MoU focuses on promoting education for peace and sustainable development.

Mental and Emotional Health Framework

The Ministry of Education is developing guidelines to safeguard students’ mental and emotional well-being, ensuring a holistic educational environment.

NEP 2020 and Industry-Oriented Education

Prime Minister Narendra Modi emphasized the importance of aligning education and skilling with industry needs, echoing the goals of the National Education Policy 2020.

Foreign Universities in India

The UGC’s draft law to facilitate prestigious foreign universities in setting up campuses in India marks a significant move towards internationalizing Indian higher education. These initiatives represent a holistic approach towards redefining education in India. They not only aim to enhance academic and technical competencies but also focus on developing emotional intelligence and cultural awareness, preparing Indian students to excel in a global environment.

A Transformative Year for Edtechs – A Year-End Review

As we approach the end of another eventful year, it’s clear that the edtech sector has undergone significant transformation and growth, reshaping the educational landscape both in India and globally. This year, we witnessed groundbreaking advancements and strategic collaborations that promise to redefine learning experiences for students of all ages.

Expanding Horizons — Vedantu’s Offline Centers and International Acquisitions

Vedantu, a leading player in the edtech space, made waves with its announcement to open over 30 offline centres across India, including in cities like Bangalore, Chennai, and Delhi. This strategic move aims to blend the best of online and offline learning environments, leveraging state-of-the-art infrastructure to enhance the JEE and NEET preparation experience.

In a similar vein, Delhi-based edtech unicorn Physics Wallah expanded its horizons by acquiring UAE-based Knowledge Planet, marking its first international acquisition. This strategic partnership is set to bolster Physics Wallah’s presence in the Gulf Cooperation Council (GCC) region, signifying the growing global footprint of Indian edtech firms.

Trailblazing Collaborations – Salesforce, Pearson India, and TimesPro

Collaborations were a key theme this year, with Salesforce teaming up with the Ministry of Education to skill 1 lakh students by 2026 through its Trailhead platform. Similarly, LEAD acquired Pearson India’s local K-12 learning division, significantly expanding its reach across 9000+ schools in India. TimesPro’s collaboration with the University of Hyderabad (UoH) to offer new-age management programmes further exemplifies this trend.

Innovations in Learning – TeamLease Edtech and BYJU’s AI Models

Innovation continued to be a cornerstone of edtech growth. TeamLease Edtech introduced Digivarsity, a tech-first platform that integrates academic learning with real-world experiences. Meanwhile, BYJU’s launched three AI models, including “BYJU’s WIZ,” to provide personalized learning experiences.

Global Expansion – upGrad’s Entry into the Pacific and Unacademy’s AI Editor

The global expansion of Indian edtech companies was noteworthy. upGrad made a bold move by opening the first-ever entirely offline medical institute in Vanuatu, marking its entry into the Pacific region. Unacademy introduced an AI content editor, Cohesive AI, enhancing the content creation and editing process for users worldwide.

Empowering the Next Generation – Infosys Springboard and Cuemath’s Mathfit

Infosys partnered with Skillsoft for the Infosys Springboard program, offering free access to a wide range of learning materials. Cuemath released “Mathfit,” a digital handbook designed to help students overcome math phobia, further emphasizing the sector’s focus on holistic and accessible education.

The year witnessed an unparalleled fusion of technological innovation, strategic expansion, and collaborative ventures in the edtech sector. These developments not only enhanced the learning experience for students but also laid a foundation for the future of education, blending traditional methods with cutting-edge technology. As we look ahead, the edtech landscape promises to continue its trajectory of growth and innovation, reshaping how we think about education in a digital world.

A Year of Significant Developments for School Education

The school education ecosystem in India has witnessed several pivotal changes, signifying a transformative phase in the country’s educational landscape. Two major developments that stood out this year are the recognition of the Bhartiya Shiksha Board (BSB) by the All India Council for Technical Education (AICTE) and the Defence Minister’s approval of 23 new Sainik Schools.

Bhartiya Shiksha Board: A New Pan-India Education Board

A significant milestone in India’s school education system was the AICTE’s recognition of the Bhartiya Shiksha Board (BSB) as a pan-India education board. This move, initiated by the Maharishi Sandipani Rashtriya Ved Vidya Pratishthan (MRVVP) and endorsed by the union education ministry, marks a notable shift in the educational paradigm. The BSB’s recognition allows engineering and technical colleges to consider it alongside other national boards, reflecting a growing diversity in the educational choices available to students across India.

Expansion of Sainik Schools: Strengthening Defence Education

In another landmark decision, Defence Minister Rajnath Singh approved the establishment of 23 new Sainik Schools in partnership mode. This expansion builds upon the existing network of 33 Sainik Schools operating under the traditional pattern. The addition of these new schools, under the aegis of the Sainik School Society, demonstrates a commitment to strengthen defence-oriented education, fostering discipline and patriotism among young minds.

Looking Ahead: Future Implications

  • Diversifying Education: The recognition of the BSB introduces more variety in the educational ecosystem, allowing for a blend of traditional and modern educational philosophies. This diversification is likely to foster a more holistic educational environment, catering to the varied needs and interests of students.
  • Enhancing National Defence Education: The establishment of new Sainik Schools is poised to play a crucial role in nurturing future defence personnel. It indicates a strategic move to bolster national security by investing in the early education of potential defence forces.
  • Inclusive Growth: These developments also underscore a shift towards inclusive education, ensuring that students from different backgrounds have access to varied educational boards and specialized schools like the Sainik Schools.
  • Policy Implications: The recognition of BSB by a body like AICTE and the expansion of Sainik Schools may influence future educational policies, potentially leading to more such integrations and recognitions, thus enriching the Indian educational framework.

The year has been a turning point for the school education ecosystem in India, marked by significant strides towards diversification and specialization. The recognition of BSB and the expansion of Sainik Schools not only enhance the educational choices for students but also reflect the evolving nature of India’s educational ambitions. As we move forward, these developments are expected to pave the way for a more dynamic, inclusive, and robust educational environment, resonating with the needs of a contemporary India.

In a Nutshell

India has undergone a transformative journey in 2023. It has flourished not just in education but all across – With holding G20’s presidency for the first time to hosting it successfully and with flying colours, India is making history with its unstoppable approach. The National Education Policy (NEP 2020) completing three years ushered in a wave of changes, creating a dynamic educational ecosystem. Notably, the higher education sector experienced a surge in enrollment, significant collaborations, and regulatory shifts, propelling India towards global recognition.

Government initiatives, such as AICTE, NSDC & Bajaj Finserv partnership and Vedas integration into the curriculum, underscored a commitment to comprehensive skill development and cultural preservation. The establishment of the IIT Madras-Zanzibar Campus and the proposed Higher Education Commission of India hinted at India’s global outreach and a unified regulatory framework.

In the edtech sector, a year of strategic collaborations, innovations, and global expansions reshaped the learning experience. Initiatives like Vedantu’s offline centers and upGrad’s entry into the Pacific region reflected a blend of traditional and online learning. The developments in school education, with the recognition of Bhartiya Shiksha Board and the expansion of Sainik Schools, signaled a diversification and inclusive growth approach.

Collectively, these achievements have fostered a more dynamic, inclusive, and globally competitive educational environment. As India moves forward, the impact of these initiatives is poised to shape a future where education is not just about knowledge acquisition but a holistic and inclusive preparation for the challenges of the modern world.

Voxpop from Industry

Dinesh Kumar Poobalan, CEO & CTO, Greatifydinesh

“Education has undergone an evolution that has transformed the landscape of teaching and learning techniques. The modernization of education has resulted in the development of innovative technologies and tools that are transforming the educational ecosystem. We prioritized immersive and engaging learning experiences in 2023. We emphasized the importance of digital transformation and new technologies throughout the year. The big takeaway from 2023 is that the future of learning isn’t just about delivering content, it’s about creating spaces that encourage real connections and active engagement.

In addition, I believe that artificial intelligence in education has advanced to new heights this year. We investigated the complexities of personalized learning at Greatify, employing AI algorithms to determine specific student demands. As the conversation shifted from ‘How can AI improve education?’ to ‘How can we ensure ethical and responsible use of AI in the educational context?’ The implementation of AI for exam evaluation and personalized learning is our recent innovation, and the next thing we’re coming up with is the PlacementX Module.

As we bid farewell to 2023, the education sector stands at the forefront of innovation and adaptability, ready to face the evolving needs of learners in the years to come. The collaborative spirit, technological advancements, and commitment to inclusivity define the education narrative in this transformative year.”

Md. Sajid Khan, Director – India, ACCAsajid

“In the post-COVID era, education has undergone a transformative evolution, transcending traditional boundaries to shape a dynamic landscape. Beyond the confines of physical classrooms, learning has become a global journey, driven by technology and innovation. Governments and institutions now recognize education as a linchpin for societal progress, investing in a future where skills take precedence over mere information.

In this renaissance, education extends far beyond knowledge acquisition. It is a lifelong venture where personalized learning, fueled by artificial intelligence, tailors educational pathways to individual strengths. Practical application, critical thinking, emotional intelligence, digital skills, resilience, teamwork, and collaboration emerge as paramount, empowering learners to navigate a rapidly changing world.

The importance of education lies not just in preparing for the future but actively participating in its creation. It equips individuals with the agility to thrive in diverse industries, fostering a world where continuous upskilling and reskilling are essential. As education becomes the cornerstone for a better life and world, its role in shaping enlightened, adaptable, and collaborative citizens take center stage, heralding an era where knowledge is not just a commodity but a transformative force for a brighter tomorrow.”

Patriek karayil, President, American Colleges

In the educational journey of 2023, notable changes unfolded. The use AI upended the traditional models of leaning, and ushered a new wave of pedagogy and personalized education. Online and hybrid learning models, popularized during the pandemic, continued to be a significant part of the education landscape. These models offered flexibility and accessibility. Micro-credentials and skill-based programs massively expanded to met the demands of a changing workforce. On the global stage, international education took center stage, promoting cross-border movement. India became the largest source market for international students and almost every foreign university is expanding their reach into India for student recruitment.

Dr. Yajulu Medury, Vice Chancellor, Mahindra UniversityDr-Yajulu-Medury

“In India’s educational landscape, 2023 has been a year of profound transformation, marked by resilience, adaptability, and a redefined vision for the future. As we reflect on the trends that have shaped this journey, it is evident that the digital revolution has become the cornerstone of education. From remote learning solutions to innovative pedagogical tools, technology has emerged as the catalyst for democratizing knowledge, breaking barriers, and fostering inclusivity. The imperative of skills and specialized courses that fuel employability have taken center stage. Looking ahead to 2024, we anticipate a continued surge in the adoption of cutting-edge technologies, such as artificial intelligence and virtual reality, reshaping traditional education paradigms. The shift towards personalized and experiential learning experiences is set to redefine traditional education models. The integration of interdisciplinary approaches and a focus on developing critical thinking skills will prepare students for a world that demands adaptability and creativity. Embracing sustainability as a core educational value will empower the next generation to address complex global challenges. At Mahindra University, we believe in sculpting future leaders, and our vision for the next year is one where education is a dynamic force, constantly evolving to meet the needs of an ever-changing world.”

Aarul Malaviya, Founder, ZamitZamit

“Edtech has been undergoing a great transformation with the advent of digital technology and an ever-increasing demand for accessible and engaging learning experiences. As the global ed-tech market is projected to hit over $460 billion by 2026, understanding the emerging trends and monitoring the industry growth is crucial. The emerging trends across Edtech reflect that the focus is shifting from being institution-centred to learner-centric. Edtech companies are increasingly integrating transformative tools such as artificial intelligence (AI), virtual reality (VR), design, and computational thinking which offer enhanced learning experiences and innovative solutions. Companies are also increasingly collaborating with educators and investing in innovative solutions to offer personalized learning experiences. In the coming years, the industry will continue to leverage AI tools to bridge education access disparities by enabling personalized learning, virtual classrooms, and various other accessibility tools. We will definitely witness a rise in edtech ventures. The Edtech CEOs should consider establishing strategic partnerships with government and non-governmental organizations to make a lasting impact on the field of Edtech education. By embracing the latest technology trends to work towards continuous innovation and fine-tuning their customer-centric approach the EdTech companies can position themselves as leaders in a competitive market and drive the future of education.”

Sumanth Palepu, Sr. Director Global Sales & Marketing at UPES ON

“Committed to co-create a dynamic and vibrant academia-industry ecosystem, UPES ON is all set to catapult the future of higher education globally in the coming year 2024. The university’s innovation-driven curriculum, excellent industry interface, and future-ready training have already placed it in a different league and going forward in 2024, its focus on delivering superior value across the educational value chain will become a significant differentiator. UPES ON is counted among the best university ecosystems in the world which firmly believe in the all-round development of the students, employees, and associated stakeholders in the education ecosystem. In 2024, UPES ON will continue to focus on innovation, collaboration, and lifelong learning themes and establish new milestones of delivering quality, ethical, and culturally sensitive education to aspirants from all across the globe. By delivering on these themes, UPES ON will make a positive contribution to academia, corporate, and society at large.”

Rohit Gajbhiye, MD and Founder, LEO1Rohit

“The fintech industry in India has had notable advancements and changes in the year 2023. Notwithstanding obstacles, the Indian fintech ecosystem continues to be remarkable for its resilience. It is now the world’s third-largest and fastest-growing fintech market, with impressive levels of financing, deal volume, and overall competence. Digital-only banks, widely recognized for their highly customised financial offerings have been able to garner significant investments as a result of traditional banks becoming increasingly aware of the benefits of working with neo-banks to offer tailored services. These digital lending platforms have been able to capture a significant share of India’s credit appetite owing to their flexible lending norms. With a thriving ecosystem comprising startups and established players, India is well-positioned to spearhead the upcoming wave of fintech innovations. Moreover, the fintech sector has played a pivotal role in transforming education financing in India, offering software and service solutions to all relevant stakeholders, including educational institutions, students, and parents. Given the robust macroeconomic fundamentals, the domestic fintech sector, driven by technologies such as artificial intelligence and machine learning, will surely surpass the USD 100 billion revenue mark in the coming years.”

Kavita Sharma, Co-founder & CEO, Ziyyara EdutechKavita Sharma

“Personalized and adaptive learning has emerged in the transformative journey of education through 2023. Fueled by data analytics and AI, edtech platforms have successfully crafted tailored educational experiences for each student. The global personalized learning market, anticipated to surge by 18%, is set to reach $23 billion by 2028. This rise is attributed to state-of-the-art technologies like NLP(Natural Language Processing) and machine learning, empowering platforms to cater to individual learning needs. Simultaneously, virtual and augmented reality took center stage, offering immersive learning experiences. VR facilitated realistic simulations, enhancing practical understanding, while AR enriched real-time learning with digital overlays. Furthermore, we witnessed a surge in micro-credentials and skill-based education, aligning with the dynamic needs of the workforce.”

Dr. Sanjay Gupta, Vice Chancellor of the World University of Design (WUD), Sonipatsanjay

“The year 2023 has been a pivotal period for design education and the World University of Design, a significant advocate for its progress. The establishment of WUD as a design-focused university has resulted in the announcement of numerous new design schools adopting the university format, with their numbers reaching 300. Design education is now an integral part of the Indian education landscape. Additionally, our initiative to integrate art, architecture, and design programs has inspired other universities to include art programs in their offerings. An exciting development is the announcement of an “Art Architecture & Design Biennale” by the Ministry of Culture, a groundbreaking event that brings together the arts, architecture, and design streams for the first time in a biennale.

Our efforts to raise awareness about the catalytic impact of design on the economy have yielded positive results. The G20 Culture Group has recognized the promotion of cultural and creative “industries” as a priority for the first time. These developments highlight the growth of creative industries in the country and the establishment of design as a mainstream education option. Looking ahead, regulatory bodies need to acknowledge this progress, identify design as an independent category, and make the necessary adjustments in the NAAC and NIRF data sets.’’

Damayanti Bhattacharya, CEO, Maker Bhavan FoundationDamayanti

“In 2023, Maker Bhavan Foundation has spearheaded the transformation of engineering education, emphasizing practical skills and raising the talent base for industry needs. So far, we have empowered thousands of students, establishing cutting-edge ‘Tinkerers’ Labs’ at prominent institutions. Three new labs were proudly inaugurated at IIT Indore, ICT Mumbai, and BITS Goa, expanding our network to a total of 11 labs.

Our transformative, project-based curricula empower students to address real-world challenges, fostering a hands-on learning experience. We are actively broadening our impact by extending the reach of our programs. This year, we hosted Invention Factory in three IITs, where 60 students prototyped and filed provisional patents in the US and India. We are also approaching the finale of Vishwakarma Awards, with students nationwide engaging in a spirited competition to create prototypes that address pressing social issues.

As we enter 2024, we are aware that there are isolated peaks of excellence in Tier 1 engineering institutes. We want to raise the base by making experiential learning and innovation accessible to students in Tier 2 and beyond.”

Dr (Prof.) Varinder Kanwar, CEO, NABET – National Accreditation Board for Education and TrainingDr (Prof.) Varinder

“Upon contemplating the advancements achieved in the field of education in 2023, we see a future in which creativity and flexibility will persistently influence the nature of education. The rapidly evolving trends will have a significant influence on the education industry. Personalized and technologically enhanced learning experiences will become the norm in the upcoming years, meeting the demands of individual learners and a wide range of learning styles. Furthermore, as technology advances at an ever-accelerating rate with the intervention of AI, lifelong learning will become increasingly important in education. Retraining and upskilling on a constant basis will be necessary to remain employable in a labour market that is constantly changing. Institutions and business partners will work together to create programs that are flexible and adaptable. Continuous upskilling and reskilling will be integral to staying relevant in an ever-evolving job market. Institutions will collaborate with industries to develop agile and responsive programs that align with the demands of the workforce. As we bid farewell to this year, let us embrace the exciting possibilities that lie ahead. The National Accreditation Board for Education and Training (NABET) remains committed to fostering an educational landscape that strives in the direction of imparting quality education through its accreditation programs, and capacity-building trainings across various institutions.”

Kiranjit Singh Pannu, Chief Executive Officer, VIBGYOR Group of Schoolskiran

“Reflecting on 2023, it underscores VIBGYOR’s unwavering commitment to holistic education. This year, our students have not only excelled academically but have also matured into adaptable individuals.

Our curriculum, guided by dedicated faculty, has fueled both academic prowess and a spirit of inquiry. Advancements in technology, sports, arts and varied extracurriculars have shaped a comprehensive educational journey. Collaborations with esteemed institutions like ARIV Education and the Climate Academy have enriched our students’ experiences profoundly. As we step into a new academic year, envisioning education beyond mere textbooks, our aim is clear—to nurture students who lead with empathy, celebrate diversity and spark change. Together, we’ll script another chapter of success and possibilities. Our unwavering commitment remains—to create an environment where education isn’t a race but an enjoyable expedition. Through stress-free, mindful learning, we aim to kindle the joy of exploration in every child, ensuring education remains a pleasure, not a pressure.”

Kushal Raj Chakravorty, Founder & Managing Trustee, Lotus Petal FoundationKushal Raj Chakravorty

“Lotus Petal Foundation’ has meticulously woven education, nutrition, skill development, and livelihood support into a seamless tapestry, creating a holistic growth platform for underprivileged children. For our students, the foundation’s tailored educational programs have provided the fuel to break the ceiling of poverty. With a tailored balance of holistic education, 2 freshly-cooked, vitamin & nutrient-rich meals in a day, and a vocational skill, the foundation not only nurtures academic growth but also equips underprivileged children with the tools to shape their futures and contribute meaningfully to society. Our vision for a sustainable and impactful future is embodied in our flagship initiative, the Lotus Petal Senior Secondary School in Dhunela, Gurugram. Aspiring to be India’s largest philanthropic school for underprivileged children, it aims to provide holistic education and nutrition to 10,000 students. The ‘Jeevika’ program, ensuring a 100 percent job placement record, seeks to empower 3500+ young adults, breaking the cycle of generational poverty through industry-relevant skills and personality development.

In virtual education, the Vidya Sahyog Program spans over 10 states, impacting 3000+ students. With aspirations to reach 100,000 students nationwide, it addresses technological challenges and teacher shortages.

India consists of diverse backgrounds with multiple religions and socio-economic backgrounds. In this scenario, non-government organisations play a crucial role in ensuring equal opportunity for every individual irrespective of economic status. Lotus Petal Foundation is working actively for the welfare of unprivileged children by providing them the skill training and also supporting local businesses that will eventually help the Indian economy to grow.”

IIT Patna announces 5 new courses to boost graduate employability

IIT Patna

The Indian Institute of Technology Patna has signed a Memorandum of Understanding (MoU) with NSDC ( National Skill Development Corporation) and TeamLease to enhance the employability of graduates. As a part of this collaboration, IIT Patna has announced 5 degree programmes on the latest technologies – BSc in artificial intelligence, BCA (general), BSc in information technology, deep learning, BBA in emerging business, BSc in cloud technology.

Candidates may apply to the five work-linked degree programs if they have completed Class 12 with 60% or higher in the relevant stream. These programs will begin accepting enrollment in January 2024.

“The agreement between TeamLease EdTech, IIT Patna, and NSDC seeks to strengthen joint advocacy and support efforts to create an alternative format of higher education integrating high-quality formal education, skill development and employer connectivity. This collaboration, as per an official statement, will provide the option of work-linked hybrid degree programmes to every student who aspires to graduate from IIT Patna while improving their employer signaling value”, as per the official statement.

The newly announced degree programmes will consist 5 important aspects — learning while earning, learning by doing, learning with flexibility, modularity and employer signalling.

Through the programs, each learner will have the chance to obtain both an employer-issued experience certificate and an IIT degree. Students who are currently graduating can also enroll in these programs to complete their dual degrees. Thanks to an integrated technology platform, all students in the nation will be able to register for the program and enroll using their smartphones.

UP govt partners with iDreamCareer; aims to provide career counseling to school students

idc

The Secondary Education Department of the Uttar Pradesh government has partnered with iDreamCareer (iDC). This partnership aims to provide in-person career counseling to give school students a better direction.

14,700 students in Classes X and XII from five districts—Varanasi, Kanpur, Meerut, Lucknow, and Ghaziabad—are the target audience for this project.

In these five districts, about thirty-one counselors will raise awareness of education while assisting students in discovering their ideal universities and securing scholarships, as well as educating them about the various career paths available in the field.

The project, which is funded by the Michael and Susan Dell Foundation, is an addition to the Pankh Portal, which provides technology-based career awareness to students in government and government-aided schools.

“The project will ensure the maximum number of college admissions with scholarships by providing the students with in-person counselling sessions, career details, exam patterns, and a helpline number to support last-mile help till they get admission in a college or vocational programme”, said Vishnu Kant Pandey, Additional State Project Director, Samagra Shiksha (secondary education).

Ayush Bansal, Founder & CEO (Chief Executive Officer), iDreamCareer, speaking on the initiative said, “The project aims to facilitate the upward socio-economic mobility of the students who otherwise drop post Class X and XII. The project will help students from knowing about the world of careers to knowing themselves, finding the right career and course, helping with college application, and finally, help with getting them the right scholarship. Subsequently, enabling them to get into right-fit jobs which ensure job satisfaction.”

Tough year for engineering graduates; only 1 in 10 may secure a job this fiscal year

engineering

Amid the continuous hiring crisis across the country, hiring of new graduates from engineering institutes and colleges is likely to fall by over 30% this fiscal year. According to a report by TeamLease Digital, there is a freeze on the hiring of freshers at major IT and technology companies.

According to the report on the hiring outlook for fresh IT/engineering graduates in 2023–24, only roughly 155,000 of the 230,000 who were hired in the previous fiscal year are expected to be hired in 2023–24. Salary ranges for fresh graduates are 3 lakhs to 15 lakhs annually.

“15 lakh engineering graduates pass out each year from the colleges across the country of this only 10% may land with job offers this fiscal,” said Krishna Vij, Business Head at TeamLease Digital.

According to the report, there is a growing skill gap as only 45% of applicants currently meet the expectations of potential employers.

“There has been a notable shift in the hiring landscape as major IT companies have frozen fresher intake. Global capability centers (GCCS) and non-tech sectors like BFSI, retail and customer business, media and technology, and communication have expanded entry-level hiring.”

According to the report, employers are seeking candidates with a blend of hard skills—such as technical proficiency in programming languages, software development methodologies, cloud computing, and data analytics—and soft skills—such as problem-solving, teamwork, emotional intelligence, etc.

“The tech world is evolving rapidly, and we need to keep up. It is not just about companies broadening their hiring horizons, but also about ensuring that the talent pool of our country is ready for it,” said Krishna Vij.

Extensive layoffs at Times Internet

Extensive layoffs

In continuation to the lay-off drive, Times Internet Ltd (TIL) is set to lay off more employees. The media company laid off nearly 120 employees last week. The Times Group’s digital division, TIL, is home to verticals like Cricbuzz, MensXP, and iDiva.

As part of the termination criteria, each employee received a three-month severance package, which began on the day they were laid off.

As per employees, they expect “multiple” rounds of layoffs to follow until the staff size is “reduced to half”. “Management has not clearly told anyone if it will stop,” said one of them. “But they told me everyone needs to ‘decipher and decide’ for themselves if this is the place they want to be.”

Notably, the company reported a drop in online ad revenue in FY23, while losses increased to Rs 490 crore from Rs 341 crore the previous year.

There will be undoubtedly more layoffs by the end of this fiscal year because, according to reports, the company’s financial situation has gotten worse than it did last fiscal year. MX Player and Gaana, the company’s over-the-top platforms, have suffered losses.

“The company continues to downsize to cut losses and over 200 more people may be affected this time. All departmental heads have been asked to trim their teams as much as possible. HODs are having a really tough time deciding who to retain and who to lay off,” as per official reports.

As per reports people who were laid off, come from all verticals, and middle management employees—particularly those who were hired within the last three years—have been hardest hit.

“What is worse is that people are being sacked without any notice or assigning any valid reasons though the company is offering a three-month severance package”, the report added.

Employees across the board at TIL, which is reportedly the biggest digital media company in India, are shocked by the extensive layoffs that have taken place. “There is no job security for employees in such a scenario. We’ve already begun our outdoor job search. Any job, anywhere, in any company,” an employee exclaimed.

Vice Chairman Satyen Gajwani alluded to financial difficulties and the fact that TIL was not even able to break even after selling off numerous businesses during his October 11 town hall at the Noida office when he visited India. Additionally, according to an employee, he may have mentioned that the business would assess the situation in March 2024.

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