Modern Trends of Edupreneurship in India

Abstract

The urgency and criticality of an educational system that delivers high quality in massive quantities is no longer a matter of debate. While the government turns a blind eye to the question of quality and the country runs the risk of having the largest misfit workforce in the coming future, the traditional alternative of private education does the same with very high cost. India being the second fastest growing economy in the world, a question then arises - "Do we have an educated work force to meet the challenges of a burgeoning, knowledge-based economy?" Many surveys from leading consultancy firm like McKinsey, and corporate like Infosys, have shown that only 5% of our graduates are employable. Needless to say, government, alone cannot meet the huge demand from various elements of the education ecosystem to provide quality education. Private entrepreneurship in the field of education, i.e.; edupreneurship, would be essential to interact effectively with the various elements of the educational ecosystem and define innovative solutions to education models at various levels, new learning methods, multi-skilling of workforce, inclusive education, empowerment, and use of technology to meet the growing challenges of maintaining India's growth. In this study, we have discussed the modern trends of edupreneurship in India and the role of both the private sector and the government to promote edupreneurship in the country, starved for quality education.