Chicago: India`s formal education system is
failing as the government is falling short in delivering its
responsibilities, Raghuram Rajan, economic advisor to Prime
Minister Manmohan Singh has said, emphasising the need for
more organisational training in the sector.
"India`s formal education system is failing and
government school system is failing - government is not
delivering the goods," Rajan said.
India needs to improve in the field of education, he
said, adding that the country needs more organisational
training in the field of education.
"Here in the United States, superstar teachers are
paid more," he said.
Rajan said that India needed to give incentives to its
good teachers to raise the level of education across schools
He was speaking at Pratham gala fundraiser held here at
the Meadows Club in the suburb of Rolling Meadows.
Pratham is India`s largest non-profit organisation in the
field of primary education that has created systemic changes
to educate a vast number of children.
The theme of the gala was "Remember the Dream" that
asked all supporters to remember the dream of an India where
no child will be deprived of quality education.
"I think it`s of critical importance. For a long time we
have focused on higher education, but in the last decade we
have shifted our focus to primary and secondary education. We
need every child in school," said Rajan.
"In Indian primary schools half of the students are not
in class. Average schools are better in United States and
drop out rate is more in India although students are more
hungry for education," Rajan said.
Referring to the fact that higher education is the key to
one`s well being, Rajan, a professor of finance at the
University of Chicago`s Graduate School of Business, opined,
"Education is a leveller, a game changer."
He said China always emphasised education much more than
India and as a result its average literacy rate is better than
"Education is a problem not only for India but world
over because of increase in free trade, communications,
unemployment rates and low skilled jobs," said Rajan.