EDUCATION SECTOR

Education forms the backbone of a nation and is one of the most important key indicators of a country's growth and development. Infact, the rise of knowledge economy at a global level has once again reinforced education, in all its forms (elementary, secondary, higher, vocational, and adult), as the key economic and business driver. In the past, government was the sole education provider as it was primarily considered a social service. However, with liberalisation and globalisation of economy, it has become evident in the last decade or so that government alone cannot bear the cost of the education sector. While the private sector has stepped in to fill the gap and has increasingly enhanced its profile in education over the last decade, its role is still not properly defined. This has led to a growing debate in recent times on India's Education Policy and the changes required to make the education sector more vibrant and flexible to meet the rapidly diversifying needs of our growing economy. To catalyse the desired changes in India's Education policy, FICCI has constituted a Committee on Education.