A recent McKinsey-NASSCOM study states that “the total global off shoring market is approximately US 300 billion dollars, of which US 110 billion dollars will be off shored by 2010. India is projected to acquire at least 50% of the estimated market. The direct employment generated by the opportunity will be 2.3 million and indirect will be 6.5 million. The other industries growing fast are Banking, Finance, Insurance, Bio technology etc. Now in the threshold of foreign universities entering India the Education industry is also expected to boom and see ocean changes. Appropriate quality manpower is required for jobs created and the onus is on the shoulders of the Indian universities. It is the quality of the educational institutions that determine the quality of students come out and enter the industry and the society. The McKinsey report also says that only 25% of engineering graduates, 15% of the finance and accounting professionals and 10% from the other courses are eligible for employment in multinational companies. In the Partnership Summit held in 2010 January by Confederation of Indian Industry in Chennai about 26 countries partook and most of the representatives expressed that the employability problem universal. While there are various stake holders involved in Education Industry the faculty members stand as the fulcrum for the excellence of any educational institution and they are in advantageous position to observe the various challenges an educational institution encounters in making the students not only job-ready for the global market but also preparing them as worthy citizens for a peaceful world. With this perspective the researcher has identified the various challenges in the education industry and classified them as Administrative, Academic, Financial and Market challenges. The respondents will be the faculty members from various educational institutions in South India. The research will throw light on the most significant areas that need immediate attention of the policy makers and other stake holders and improvement.
|Keywords:||Customised Teaching Exercises (CTE), Co-Teaching Modules (CTM), Quality Enhancement Wing for Education (HRD ministry), Knowledge Sharing Forums KSF, Knowledge Networks|
Additional Director, Administration, Vinayaka Missions Medical College and Hi Tech Hospital, Chennai, Tamil Nadu, India
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