While India has the potential to emerge as a leading nation in the world, it needs to sort out a few issues.

India is one of the fastest growing economies in the world and also expected to be the world's largest market in a decade or so. India has one sixth of the total population of the world. Naturally, the biggest asset of the nation is its human capital and that too its youngest population. However, there are a few issues to be considered very seriously for the all-round growth of the nation. One of the serious problems is scarcity of skilled manpower required by the industry. The human capital needs a focus and a direction for sustainable growth. A recent report by the University Grants Commission has concluded that around 60% of graduates produced by our universities are unemployable!

This is because ours is a `push' education system: primary schools push the students to the secondary schools, secondary schools push them to higher educational institutions, and finally to the market, where a majority of them are rejected due to lack of skills. There should be informal supplementary education for the students, along with formal education, as formal education will provide them knowledge and informal supplementary education (training) will provide them skills that are more important for one's survival. Another area to be looked into is the dropout rate at the primary school level. Every year, eight lakh students stop going to school after primary education. The same is the case with higher education. This results in child labor. The size of the child labor force in the country is 60 million, and most of them are working in the unorganized sector.

The Analyst Magazine, University Grants Commission, Education System, Primary Schools, Secondary Schools, Informal Supplementary Education, Unorganized Sectors, Financial System, Banking Sector, Customer Satisfaction, Social Conflicts, Corporate Social Responsibility, Decision Making Process.