By Orla Kelly. If we are to become a global leader in innovation, businesses must do more to harness the knowledge produced by the UK’s higher education institutions, says Orla Kelly. When it comes to innovation the UK is ranked among the best in the world. In fact, in the 2013 Global Innovation Index, the UK sits third – deservedly so, for a country which can claim the world wide web, the discovery of DNA and the invention of the ARM chip found in most smart phones. Read more...
Indian students spend more than Rs 10,000 crore on foreign education every year - ASSOCHAM study
Lack of quality higher education opportunities in India, has made nearly eight lakh Indian students spend over Rs. 10,000 crore in 2012-13 on studies abroad emphasising the need for completely deregulating the education sector and opting in a big way for public private partnerships (PPP), according to a recent study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
A recent assessment by ASSOCHAM called "Funds flows out of India for Higher Education-2013" reveals that the country needs quality institutes at par with the Indian Institutes of Technology (IITs) and Indian Institutes of Management (IIMs) for students wanting to pursue careers in management, accounting, engineering and chartered accountancy. This would not only limit the outgo of foreign exchange but also spread global standards within the country increasing employability of the students in the industry and research institutions. More...