Importance of Indian Higher Education and Industrial Relations in Global Economy
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Abstract
The study emphasis on the importance of Indian Higher Education and Industrial relationships in Global Economy and its necessity for economic growth and development. Increased national and international concerns for Education, led to overall neglect of higher education in many developing countries inclusive of India. The problem of resource scarcity added further to the problem. This paper also explores the barriers of academia-industry interaction and proposes an integrated model of several new collaborative approaches that are possible, mainly in the Indian scenario to strengthen academia-industry interface. Education in India has different levels such as pre-school, primary, upper primary, secondary and higher secondary, technical, and professional and levels of higher education. Since independence, the growth has been very impressive; the number of universities has increased by 18 - times, the number of colleges by 35 times and enrolment more than 10 times. India has the largest number of higher education institutions in the world, with more than 550 universities. However, the Gross Enrolment Ratio is low as compared to other countries, including developing countries. At present, India has more than 18067 colleges and just fewer than 10 million students. Increased need to universalize higher education has resulted in serious focus on higher education and at the same time rather total neglect of higher education. Academia-industry relationship is of interactive and collaborative nature, acknowledging and ensuring mutual respect for each other’s role and contributions with an eye to attaining the true purpose of such relationships by imprinting itself in Global Economy. The paper has also briefly reviewed some general presumptions about higher education development industrial relationship and the level of expansion of higher education. It has been strongly argued here that India has to enhance its priority for higher education in companion with Industry as its integral part for development.
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