India's economic performance over the last 15 years has been exceptional - matched only by China.
But history is not what matters - how is India going to maintain, or even increase- growth over the next 10-15 years.
Well, it currently performs well in quite a few areas - but not in innovation. its R&D spend is low - it does not have great technology transfer from academia, and though it has a highly educated workforce, its record on skills development is also poor.
India needs fewer MBAs and more technicians. The problem is that everyone wants an MBA - and everyone's Mom & Dad wants their child to have an MBA. India thus needs a shift in education and training policy - but this has to be matched with a shift in culture - so that high level technical skills are valued and coveted.
But history is not what matters - how is India going to maintain, or even increase- growth over the next 10-15 years.
Well, it currently performs well in quite a few areas - but not in innovation. its R&D spend is low - it does not have great technology transfer from academia, and though it has a highly educated workforce, its record on skills development is also poor.
India needs fewer MBAs and more technicians. The problem is that everyone wants an MBA - and everyone's Mom & Dad wants their child to have an MBA. India thus needs a shift in education and training policy - but this has to be matched with a shift in culture - so that high level technical skills are valued and coveted.
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