Thursday, February 18, 2010

Vikas Singh, President, Crux Management Services Pvt Ltd

The government must encourage and assist the private sector to set up and manage skill development. This could be done by way of setting up a fund under the knowledge commission, to be drawn either as equity or grant by organizations and institutions that have the competencies and the expertise, while the Government plays a key role in policy development and financing.

A climate must be built for attracting investment in education from private domestic and overseas sources. We approach the next decade where our demographic dynamics has the potential to catapult us into a trajectory of high growth and inclusive development. In the next decade India will be adding 100 million people to its workforce (age-group 20-59).

This will set consumption, savings and investment patterns on a new trend line, affording millions the chance for higher incomes, better standards of living and increased quality of life.

Translating potential into reality will require massive concerted efforts at expanding the opportunities to India’s large and young population access to affordable and credible higher education and skill enhancement, to promote inclusive growth.

To achieve this India needs a flexible education system: basic education to provide the foundation for learning; secondary and tertiary education to develop core capabilities and core technical skills; and further means of achieving lifelong learning.

The only way we can achieve sustainable development and growth is by providing more employment opportunities to the majority of Indians, to not only contribute to that growth but also enable them to participate in the benefits of growth.
Vikas Singh
President
Crux Management Services Pvt Ltd
vikas@cruxmanagement.com
M 9866897341

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