Education needs a profit motive

As the West struggles to overcome the global recession, India remains one of fastest growing economies in the world today. Such rapid economic development and the transformation to a knowledge-based economy have resulted in increased demand for educated and skilled workforce. To meet this demand, the government has set itself a formidable target of achieving a gross enrolment ratio (GER) of 21 per cent by the end of the 12th Five-Year Plan in 2017 against the current GER of 12.4 per cent, which is one of the lowest in the world.

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