Union Finance Minister Arun Jaitley announced various benefits for students and education sector in India in his Budget 2018 speech. Budgetary expenditure on health, education and social protection for 2018-19 has been set at Rs.1.38 lakh crore against estimated expenditure of Rs.1.22 lakh crore in 2017-18. The Union Budget 2018 also mentioned that the Higher Education Financing Agency (HEFA) would be suitably structured for funding the RISE initiative.
During the last couple of decades the young talent are increasing but they are not able to judge their future because of many opportunities in front of them. This is making them go wherever they feel like but not in a correct direction. Educational institutions are facing new challenges resulting from technological driven changes in teaching and learning, globalization of higher education and changes in the economic climate.
To take an informed choice in career selection it would be helpful to keep in mind the following emerging trends in education sector –
1. Government take one more step closure to achieve digitization in the education sector
The education sector has been a top priority for the Indian government. Keeping this in mind, the government over the years has been introducing various innovations to build a world-class higher education system. This year’s budget was a step in the same direction, and Jaitley focused on improving the quality of education with the aid of technology. The government’s goal is to assist and provide an opportunity to every Indian to realize his or her potential to the core. Read how digitization is creating more and better jobs in India.
2. Government focus on getting a new financing model for higher education sector
Through a new initiative RISE (Revitalising Infrastructure and Systems in Education), the government has planned to a total investment of Rs 1,00,000 crore in the next four years to step up investments in research related infrastructure in premier educational institutions. In order to boost the higher education system for meeting the requirements of ‘New India – 2022’, a comprehensive plan has been made for up gradation of the research.
3. Government take one more step closure to achieve digitization in the education sector
The education sector has been a top priority for the Indian government. Keeping this in mind, the government over the years has been introducing various innovations to build a world-class higher education system. This year’s budget was a step in the same direction, and Jaitley focused on improving the quality of education with the aid of technology. The government’s goal is to assist and provide an opportunity to every Indian to realize his or her potential to the core.
4. Government focus on getting a new financing model for higher education sector
Through a new initiative RISE (Revitalising Infrastructure and Systems in Education), the government has planned to a total investment of Rs 1,00,000 crore in the next four years to step up investments in research related infrastructure in premier educational institutions. In order to boost the higher education system for meeting the requirements of ‘New India – 2022’, a comprehensive plan has been made for up gradation of the research infrastructure and the academic/teaching systems.
5. The role of pre- service and in – service professor training
The greatest resources in the classroom are a teacher, and institution needs to invest in scaling up the knowledge and skill of their teachers. Techers- training is an oft- neglected aspects of education that is crucial step in ensuring that our students receive quality holistic education relevant for today’s world. A content – focused curriculum alone does not support development of such skills therefore new approach and structure is require to empowered students and ready for tomorrow world.
6. College business school fostering entrepreneurial spirit
In recent years fostering entrepreneurship has become a topic of highest priority in public policy. This trend is due to the widespread recognition that business start-ups are a driving force of economic growth and significant job creation. Alumni of universities are seen as an important source for future entrepreneurs in dynamic and innovative areas. Successful universities in the US underline the important role of academic institutions as catalysts for high-technology start-ups. Considerable attention has therefore been paid to formal entrepreneurship education at the university level. Public authorities and economic experts stress the importance of promoting aspirations for entrepreneurship among young and highly-educated people.
7. Trends in technology in Education sector
Blackboard, chalk, textbooks and ink pens are slowing becoming a thing of a past. It is time to embrace technology where digital facilities coupled with tech-savvy teachers are enriching students’ learning experience. A little glimpse into the dynamic digital world is indicative of how technology has given a whole new meaning to education.
The rapid change and evolution of technology over the past few years has caught many educators by surprise, with many educational centres struggling to keep up with the new skills that will be required from the next generation Technology has emerged as the driving force in all the industries. Teaching and learning have gone beyond the norms of reading from a book and understanding. With the rapid development of technology, students are able to better visualise and understand concepts at a much profound level.
8. Industry experience is becoming the platform for academic careers
The big question which is going to become the trending one in the coming year is whether to pursue a vocation in academia or industry has changed as career paths. There is thin line between the both. Many professional who have spent time in either private and public companies are finding professional opportunities open to them in academia.
9. Delivering high quality business education
Universities who offer business education courses from years all the most continues to deliver world class programs. Equipping students with knowledge, skills and values to contribute to a successful career in business delivering higher quality education has been a must. A business school to offer best quality of education need be network oriented, affordable admissions and the most solid education. Many a time surveys are conducted to find places for best quality of education.
Commercialization of education has become apparent and the need for using marketing tools has seen to be greater than before. The perception over quality of higher education has been seen differing in many ways. The status of students over quality of education seems to be around scholarship, extracurricular activities, parent’s education, age, previous results and at last the name of the university.
10. Campus experience to be replicated using virtual technology
For corporate high flyers, being sent on an executive education programme once meant deserting the office for a couple of weeks and decamping to a plush business school campus. For those involved, such courses were part self-improvement, part jolly. Firms not only hoped to equip their best and brightest with new skills, but also to reward them by giving them the chance to rub shoulders with universities star professors and other high-performing executives.
Read Education Trends 2020.