According to IBM study, Indian higher education is unable to keep with the changing needs of the society and industry as only 40 percent of the executives believe that employees recruited in the local labor market have any requisite skills.
According to the study done by IBM Institute for Business Value (IBV) in cooperation with the Economist Intelligence Unit, it is important to address the looming talent shortage in order to prepare the India for the global competitive economy.
61 percent of the surveyed Indian educators said that the Indian higher education system is unable to respond to the changing societal needs. Moreover, new technologies and ever changing skills present an even bigger challenge among the India higher education system.
"Between 2010 and 2030, India's working population is expected to expand from 750 million to almost one billion. Without adequate education and training, such population growth poses increased risk of the emergence of a growing class of the under- or unemployed who are unable to achieve the Indian middle class dream," the study noted.
For reforms, the study suggested developing more applied, practical and experience based education which can help in improving the educational access, experience and outcomes which are crucial for transforming the Indian higher education system and its complete work force.