Finance Minister Smt Nirmala Sitharaman said that while there was not a single Indian institution in the top 200 in the world university rankings five years back, there are three institutions now – two IITs and IISc Bangalore – in the top 200 bracket.
Also, extreme pressure is also provided to increase the sports education in India and schemes like Khelo India Scheme will be expanded to provide all necessary financial support and a National Sports Education Board for Development of Sportspersons to popularize sports at all levels.
Under SWAYAM initiative, many online open courses have connected the section of people untouched by digital technology. To bring better quality in pedagogy methods, the Global Initiative of Academic Networks (GIAN) programme in higher education was started. The IMPRINT or IMPacting Research INnovation and Technology scheme is solving a major technological problem in various domains in the country.
“Skilling is a segment which requires a closer look at the acute skill shortage – the gap between education imparted and the skills required, is vast. As a solution, this, 2019 budget has brought a great amount of hope. Government’s move to have 75,000 skilled entrepreneurs is set to boost skill development and job creation. For this, the government has proposed to focus on creating training modules for industry-relevant skills like AI, IoT and Big Data. This, in turn, will help address the severe skill shortage technology and IT companies are facing right now. ICA heralds this move and pledges to continue creating such path-breaking curriculum, empowering students to reach to the zenith.” said Dr. Narendra Shyamsukha, Founder & Chairman, ICA Edu Skills
“The GIAN initiative is a positive step as the quality of teaching is the building blocks of our education system and requires improvement at various levels. I am sure if it’s implemented properly there will be many Indian institutions in the top 200 global institutions bracket. The study in India program will enable Indian Institutions to build a global reputation. Focusing on relatively newer areas like AI, Big Data, Robotics will also increase the pool of good talent in these high demand areas.” said Vivek Jain, Chief Business Officer – Shiksha.com, Naukri FastForward
“Bridging the skill gap, with relevant education, has been a critical issue begging to be addressed. As a respite, the government has responded to this via some wonderful and robust reforms, primed to empower the educational scenario. Government’s move to have 75,000 skilled entrepreneurs will help boost skill development and job creation. Training of 10 million in industry-relevant skills like AI, IoT, and Big Data will help address the severe skill shortage technology and IT companies are facing right now. Skilling in these areas, which are valued highly within and outside the country, will ensure that the students can secure high paying jobs both in India and abroad. Certainly, India is set to reach it’s shinning status in a short span of time, with such reforms.” said Mr Martin Radley, Co-Founder, Carter Radley.
“The present 2019 edition of the Budget has instilled the collective faith in the efficacy and judicious nature of the government. Much emphasis has been administered on research as proved by the announcement that the National Education Policy (NEP) will have a National Research Foundation to promote research. This will help financially empower the research ecosystem among universities across the country, without any external funding. To make India a hub of higher education the government proposes ‘Study in India’ to bring in foreign students to pursue education here, thereby urging universities to revamp their systems. These, along with the government’s proposal of allocating Rs 400 crore for world-class higher education institutions in the country, make this budget a decisive victory for the Indian educational system” said Dr. Pankaj Gupta, President, IIHMR University, Jaipur.
“The 2019 Budget has brought in an extension to the Prime Minister’s crusade in empowering educational framework of the nation. With the proposed National Education Policy, primed to transform the higher education system, India’s think tank is set to be on par with the global standards, with an intrinsic focus on practical knowledge. To make India a hub of higher education the government proposes ‘Study in India’ to bring in foreign students to pursue education here, creating the perfect base for India to garner the global educational renaissance in their own ground. These come out to encourage universities in elevating their standard and curriculum while providing international recognition to homegrown ‘think factories’. Universities are spurred to contribute in creating a congruent environment for education and such developments are welcomed.” said Asheesh Gupta, Pro Vice-Chancellor, JK Lakshmipat University, Jaipur.
“The union budget presented by Finance Minister Ms. Nirmala Sitharaman has a lot of ambitious proposals to overhaul India’s education system. The goal to make India an educational hub with the Study in India program is ambitious, and we look forward to a concrete roadmap from the HRD ministry to make this a reality. The GYAN initiative that was kicked off to attract educators and researchers from abroad saw a welcome step forward in the budget with a proposal by the central government to set up a National Research Foundation under the National Education Policy. It will help pool together the funds from all ministries and optimally funnel them for the purposes of research, and we look forward to more details on the implementation strategy from the management committee. The government’s decision to train young people in fields like AI, Robotics, and Big Data will help with their continuing education and equip them to secure employment and stay relevant in the competitive job market.” said Ms Savitha Kuttan, Founder & CEO, Omnicuris.
“New technologies like, Machine Learning, Data Science, Deep Learning, Robotics, AI, etc are the real game changer within the corporate and education sector. Many industries are aggressively investing in AI solutions with global investments forecasted to achieve a compound annual growth rate (CAGR) of 50.1% to reach USD 57.6 billion in 2021. Now with Government’s support and initiatives, India being one of the fastest developing nations, can be one in Technology advancements too.” said Ayush Bansal, Co-founder of Foxmula