What needs to be done2 min read . Updated: 23 May 2007, 11:36 PM IST
What needs to be done
The rate of economic growth has been high in the first three years of the United Progressive Alliance (UPA) government. However, the scarcity of skilled and educated manpower may become a binding constraint. The government has, so far, played an important role in education. However, the private sector and market forces need to play a much bigger role in setting up and running educational institutions. Education has been financed, so far, primarily by the government or by parents of students. Educational loans are still limited. There is considerable scope for the use of loans but this requires some policy changes.
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