Go Back   ManagementParadise.com Discussion Forums Mirror View - Ebooks Links & Miscellenous Reading Material > Articles !!

N R Narayana Murthy on education

Discuss N R Narayana Murthy on education within the Articles !! forums, part of the Mirror View - Ebooks Links & Miscellenous Reading Material category; n a world where knowledge is power and human capital supreme, technically India should be among the top ten nations ...



Thread Tools Display Modes
N R Narayana Murthy on education
 (1 (permalink))
vengabeats has much to be proud ofvengabeats has much to be proud ofvengabeats has much to be proud ofvengabeats has much to be proud ofvengabeats has much to be proud ofvengabeats has much to be proud ofvengabeats has much to be proud ofvengabeats has much to be proud ofvengabeats has much to be proud ofvengabeats has much to be proud of
Financial Analyst at Transparent Value
Management Paradise Guru
Status: Offline
Posts: 2,529
Join Date: Jul 2005
N R Narayana Murthy on education - September 2nd, 2006

n a world where knowledge is power and human capital supreme, technically India should be among the top ten nations in the world. We have one of the largest pools of skilled manpower and we are populous. But as the blue revolution sweeps the globe, the gap between India and the developed world is widening rather than narrowing. The key lies in transforming our higher education system. N R Naranaya Murthy proposes four tangible solutions.
The quality of technical and management education is becoming critical in today's world. The last two decades have been influenced by globalization, and the effect of globalization is reflected in liberalization of trade and capital markets. Our future will be impacted by forces unleashed by the Internet, the mapping of the human genome, the convergence of technologies and the deregulation of industries. Thus, the 21st century will be primarily shaped by intellectual capital.

India has one of the largest higher education systems in the world. The country has 237 recognized universities, 46 deemed universities, more than 10,600 colleges and employs more than 330,000 teachers. Despite the phenomenal growth, total enrolment in higher education forms only about 6%of the relevant population (17 to 23 year olds).

There needs to be an increase in the intake in higher educational institutions. Therefore, capacities in the Indian Institutes of Technology, the Regional Engineering Colleges, B-schools and other colleges must be tripled along with improvements in infrastructure.

liberalize education
The role of government needs to be minimized. Higher education must function as an industry in a free-market environment with suitable regulatory mechanisms. Licensing must be removed in education along the lines of the trade liberalization of the 1990s. Educational institutions must be allowed to function as corporations making their own decisions. Full autonomy needs to be granted to all institutions of higher learning.

private funding
Many prestigious institutions such as MIT and Stanford are funded almost entirely by private money. Our government is facing an era of lack of funds. It is therefore, essential that there is widespread infusion of private money into our higher education system.

Market-driven fees will enable universities to provide competitive salaries and scholarships. This will enable them to compete for high quality faculty and students. Colleges must be provided with the latest teaching tools, computers and Internet connectivity.

performance pay
Meritocracy must be introduced among faculty by implementation of pay-for-performance systems. There should be bi-annual student surveys of faculty members. All benefits to faculty members including compensation and promotion must be based on feedback secured from students.

students loans
Subsidies should exist only in basic education and not in higher education. Parents below a certain income level can be given vouchers by the government. These vouchers can then be used for payment to schools and educational institutions. An Educational Development Finance Corporation can be set up to fund higher education through a National Student Loan Program.

If India is to achieve $45 billion in software service exports and $10 bn in IT-enabled service exports by the year 2008, it will require a resource pool of almost 1.3mn professionals. What will happen then is that the chunk of students who graduate out of institutions will flow into IT, while the laggards will be left to general industries. It is essential to have high quality people in general industries as well since they are the ones who provide the basic infrastructure within which IT exists.

(This contribution is based on the 4th Ravi Matthai Memorial Lecture organized by the Academy of Human Resources Development and delivered by Murthy recently in Bangalore).

Source : Money control

It's better to let someone think you are an Idiot than to open your mouth and prove it.

To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

Friends: (18)
Reply With Quote
The Following 2 Users Say Thank You to For This Useful Post:


education, murthy, narayana
Related to N R Narayana Murthy on education

Similar Threads

Thread Thread Starter Forum Replies Last Post
CNBC-TV18's exclusive interview with NR Narayana Murthy: vengabeats Personal Interviews ( PI ) 1 February 12th, 2009 04:31 PM
Narayana Murthy on leadership and values vengabeats Articles !! 0 January 22nd, 2007 11:15 PM
Narayana Murthy- Devil's Advocate vengabeats Articles !! 0 January 8th, 2007 12:18 PM
Learning From the West - N R Narayana Murthy nick18_in Articles !! 1 December 4th, 2006 01:45 AM
Narayana Murthy and the art of hypocritical writing gaurav200x Articles !! 0 September 3rd, 2006 06:45 PM

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off

ManagementParadise.com is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.

Search Engine Optimization by vBSEO ©2011, Crawlability, Inc.