Be it individual learning, collective progression or large-scale economic development, education is the foundational pillar behind all facets of growth. With over 260 million students studying in 1.5 million schools and being taught by more than 8.7 million teachers, the Indian education system stands as the largest in the world.
In perspective however, the education attainment in India with respect to its burgeoning young population has not reached complete potential, especially when considering the gross enrolment ratio (GER) of 26.3%. Inadequate education delivery, coupled with outdated curricula, became core hindering blocks, which came under tight pressure as schools shut down during lockdowns.
The introduction of the National Education Policy (NEP) in 2020 came as a radically transformative measure in this regard, being the first education policy of the 21st century that was revamped after 34 years. Being built upon the foundational pillars of access, affordability, equity, quality and accountability, the policy aims to reset the education structure across India from early childhood to adulthood, ensuring universal access, a proactive pedagogical methodology, multi-disciplinary learning, application-based knowledge, as well as high technological integration.
Be it student-led growth, teaching support or mass-scale enrolment, this education spree is not solely focused on learning. Rather, the spill overs of this proposal to various parts of the economic ecosystem can be unparalleled, both for the short- and long-term. The key is smoothening out implementation barriers and supporting stakeholders across the chain.
This macro-PDF series studies the opportunities brought about by the NEP from a People, Development and Financial angle.
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