The Educational Backbone of India

Just after its independence in 1947, the officers in charge of the Indian Government realized that in order to move the country forward, and avoid the risk of economic failure, it would have to develop a solid base in a new education system. The insightful leaders recognized the potential in the field of technical engineering and the country was subsequently steered towards a very providential future.

This inspired mindset has been one of the sources behind the fast economic rise of this nation today. With the education now available in India, the country is moving toward a more competitive and prosperous economy as droves of newly trained students and workers flood the nation.
This boost to the workforce system has led to the production of a large number of educational institutes that can compete with any in the world. With a large focus on technological education to bring the country up to worldwide par, coupled with the considerable knowledge of the English language throughout the country, India is now recognized by other countries as a profitable area for outsourced work.

It has been widely noted that India’s improved education system has been a main contributor to the economic rise of the nation. They continue to flourish in other areas as well, now that their educational backbone is steadily in place. In an effort to educate the women of India, various educational institutes have been set up specifically for their use.

As India continues to climb the economic ladder, other third world countries would be wise to follow their example to set up a solid educational background. An uneducated society cannot expect to escape economic mediocrity until they embrace quality education for its entire population. The powers in India have certainly grasped this principle, and are steadily moving forward with a strong backbone in place for the future.

Education Expansion: Indian Economics

A kid repairs a tyre in The Gambia
Image via Wikipedia

Finance is far more than mere numbers, the examination of profits. It is instead a knowledge of the written word and a diligence to comprehend that knowledge. Mastery of language is essential to succeed. There can be no victory without (at least) a basic awareness of letters and statistics, the understanding of how each affects the meaning of an economy. An education is therefore essential in achieving progress within a country. When individuals are forced to positions that are not worthy of their abilities – but are instead indicative of their literacy – the impact is devastating and immediate.

Indian economics are reflections of this immediacy. Until 2002, the majority of the population was denied an education; even one at a primary level. There were staggering percentages of illiteracy and low attendance within schools. And this was proven in the market. Skilled professions were limited. Positions were instead being filled by child laborers. And awareness of the native language itself was even not a certainty (keeping many workers from achieving even a hint of success. They could not propel themselves forward when they were unable to even read).

The desperation of this caused a reform within 2002 – in which it was deemed a fundamental right for all individuals to receive a basic education. This was known as the Eighty Sixth Amendment and its influence has been felt within the passing years.

Literacy rates have increased (though it should be noted that they are still below the global average). Female students are now encouraged to receive some form of schooling, allowing them to more confidently enter the workforce. And individuals are prepared for more challenging employments – allowing a stronger productivity to occur.

Through this Indian economics has been stimulated and is posed to continue its quick growth. The value of education cannot be denied. It must instead be embraced and recognized.

Enhanced by Zemanta

MBA Education Studies Indian and American Economies

LONDON, ENGLAND - FEBRUARY 24:  Shadow Chancel...
Image by Getty Images via @daylife

An MBA conference was recently held at Shanghai Jiao Tong University’s Antai College of Economics and Management in Shanghai, China. Among the many speeches and workshops carrying the conference’s theme of “Reshaping Business Schools after the Crisis,” one talk discussed India’s growing economy and how it will affect MBA education.

According to Dr. Debashis Chatterjee, Director of the Indian Institute of Management Kozhikode (IIM-K), “India, and the Indian Management Thought has a lot to contribute to the world. There are 4.6 billion people in the world who require high quality but low cost products and services. Indian businesses have proved that they can deliver world class solutions for global needs in areas like Telecom, Healthcare, IT/ITES”.

The MBA conference attracted many business leaders and officials from more than 75 business schools from across the globe. Key themes included “Redefining networks of collaboration and competition among business schools” and “Reorganizing the governance, structure, and missions of business schools”. These representatives are studying business school education and how MBA programs can help develop world economics.

Though India’s economy is growing a rapid rate, America’s economy is still struggling. To get through financial difficulties, many individuals have opted to take out loans or apply for prepaid credit cards. Many of these options are used when people need emergency cash to pay for utility bills, groceries or other expenses.

Depending on the type of loan that is being administered, money is either given to an individual via check or placed directly into a person’s bank account. Prepaid credit cards often work like a debit card and have a specific line of credit applied to the account. With a prepaid credit card, people can pay bills online, make purchases anywhere credit cards are accepted, and access funds from ATMs worldwide.

Enhanced by Zemanta