India has to think of new methods to boost its education system and emerge with its own model of improving quality in education, Raghuram Rajan, the former RBI governor, told The Hindu BusinessLine.
Rajan asserted that the private sector has a major role to play in the education system, as the government will not be able to overcome the hurdles in the education sector.
On the human capital of India, Rajan said the private sector’s role in higher education is limited and quoted BITS Pilani, Indian School of Business and Ashoka University, as some of the private institutions that are known globally.
“Even if they (children) get a moderate education, you can still do great things with them,” Rajan told the newspaper.
Rajan said having good structures and a lot of online material and hand-holding by competent teachers will be of great help. “We need to revolutionise education,” he said.
The certification process should be more credible, and micro-degrees encouraged, Rajan said, adding that a person with a BA can take a year’s training in computer science and get a certificate that will be acceptable across the country.