barublogIndia in the recent years has become a key player in the global education industry with 1.4 million schools having more than 227 million enrolled students and more than 36000 institutions imparting higher education. By 2020, India’s average age will be just 29 years, in comparison with 37 in China and the United States, 45 in Western Europe and 48 in Japan. This demographic trend will confer a significant competitive advantage upon India. To meet the future challenges of this potentially productive population a host of reforms and improved financial outlays is required to 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.
Still the country after Demonetization is in a calculative whirl and is responding to the economic, socio- political outcomes but in Education and human resource development this will surely help to uplift the Education sector with expectedly larger budgetary provisions, open investment and infrastructure. Moreover, there is larger scope of spurt in digital advancement in the sector in administration and education management system. In private education system demonetization will help to curb corruption that enters the sector via donations and capitations. It is expected that demonetization of currency will curb the menace of use of black money .It will bring equity among public and private sector.
Author: Ashok Singh Guleria
Educator, Akal Group of Schools
Kajri,Gomti (U.P.)
Kalgidhar Trust,Baru Sahib.
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