principle for dealing with the changing world order

At present only 37 per cent of the gross expenditure on R&D in India comes from private sector while this number is 68 per cent (average) in each of the top 10 economies in the world. On innovation front, businesses must come together and promote more expenditure on R&D. With implementation of NEP-2020 and steady increase in expenditure on education, I believe we can plug the loopholes in our education sector. It also promotes examinations, testing core competencies than memorising facts. New Education Policy-2020 (NEP 2020) rightly emphasises on multi-dimensional development through vocational education, sports and physical education. Focus on science and mathematics learning can help improve analytical and cognitive abilities of a child. In this age of technology, computer literacy is equally important along with numerical and language literacy. Holistic approach to education from pre-school to higher secondary level is required with particular focus on teachers and technology.

For instance, out of 9.72 lakh government schools, only 20.7 per cent have computers, 67 per cent have electricity while 70 per cent have playground and 83 per cent have a library. Despite steady increase in expenditure, the infrastructure in government schools remains below par. In 2015, budgetary expenditure on education was 2.8 per cent of the GDP which increased to 3.5 per cent of the GDP in the year 2020-21. India’s expenditure on education is gradually rising. I discuss how these weak points can be strengthened to ensure India’s ascent on the development trajectory.Įducation and innovation are two fundamental pillars for any country to develop. However, on the flip-side, India’s performance may be jeopardised by large domestic conflicts, weak position in education, poor performance on innovation and technology, corruption, inconsistent rule of law and its lack of reserve currency status. It refers, India is in the gradual ascent with its strong economic and financial position and its cost competitive labour as key strengths. The book categorises India as a modest power - positioned at number six among major countries today. Source: Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

Principle for dealing with the changing world order