01-26-2009, 11:46 PM
<b>Students' exodus costs India forex outflow of $10 bn: Assocham</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The report by the Associated Chambers of Commerce and Industry (Assocham) said despite subsidised engineering and management education, about 500,000 students choose to go abroad every year.
This amount is sufficient to open as many as 20 engineering and management institutes of repute in the country to prevent brain drain, it added.
'The primary reason why large number of Indian students are forced to opt for foreign universities is that Indian institutions have high capacity constraints. This trend can be reversed by opening a series of quality institutions with public private partnership by completely deregulating higher education,' Assocham president Sajjan Jindal said in the report
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Also vocational education percentage in India is at meagre 5 percent of its total employed workforce of 459.10 million as against 95 percent of South Korea, 80 percent of Japan and 70 percent of Germany.
<b>China has over 500,000 vocational schools while India has less than 3,000 such institutions</b><!--QuoteEnd--><!--QuoteEEnd-->
This amount is sufficient to open as many as 20 engineering and management institutes of repute in the country to prevent brain drain, it added.
'The primary reason why large number of Indian students are forced to opt for foreign universities is that Indian institutions have high capacity constraints. This trend can be reversed by opening a series of quality institutions with public private partnership by completely deregulating higher education,' Assocham president Sajjan Jindal said in the report
............
Also vocational education percentage in India is at meagre 5 percent of its total employed workforce of 459.10 million as against 95 percent of South Korea, 80 percent of Japan and 70 percent of Germany.
<b>China has over 500,000 vocational schools while India has less than 3,000 such institutions</b><!--QuoteEnd--><!--QuoteEEnd-->