1. Ashamed to say my children studied abroad: Uday Kotak

Ashamed to say my children studied abroad: Uday Kotak

Uday Kotak says there are a large number of 'schooled' people in the country, but not 'educated'.

By: | New Delhi | Published: November 5, 2014 2:47 PM
Banker Uday Kotak pitches for major reforms in the India's education system.

Banker Uday Kotak pitches for major reforms in the India’s education system.

Pitching for major reforms in the country’s education system, noted banker Uday Kotak today said he is “ashamed” to say that his children had to go overseas to study as he felt those courses were better abroad.

Speaking during a session on education at the India Economic Summit here, Kotak said there are a large number of “schooled” people in the country, but not “educated”.

“I am ashamed to say that both my children studied under-graduation courses overseas, because we felt it was better for them,” said Kotak, who is Executive Chairman and Managing Director of Kotak Mahindra Bank.

Going by estimates, billions of dollars are spend every year to send Indian students overseas.

Noting that educational reforms should begin at the roots of civil society, Kotak said teaching profession has lost some of its respect.
“Education (system) has to be transformed… The future is bright,” he said.

The summit is organised by the World Economic Forum (WEF) in partnership with industry body CII.

At the same session, HRD Minister Smriti Irani said that there is a need to rejuvenate the teaching profession and bring back the respect that this vocation once enjoyed.

She further said that Prime Minister Narendra Modi’s initiative to reach out to students on Teachers Day was a step in that direction and this initiative should help encourage more young people to turn to teaching as a career.

Kotak also highlighted the need to bring back the respect and dignity to the teaching profession in India.

He observed that previously, education policies focused on the creation of education hardware (school buildings etc).

He was of the view that there needs to be an equal emphasis on the creation of education software such as teachers, teaching tools and teaching methods.

Gary Coleman, Managing Director, Global Industries, Delloitte, USA said that India has a large workforce of 500 million and over 10 million people are being added to that workforce every year.

However, businesses were finding it very difficult to find adequately skilled manpower for their needs. This issue needs to be addressed urgently, he added.

  1. I
    Isaac pakkiasamy
    Nov 7, 2014 at 6:01 am
    The educational system is no problem.the problem is the educators,and the system managers general ,if anyone cannot get any other job of social value ,enter into teaching.Well what you expect from this group of failed,substandard,teachers,who are handling the future of the country.This is not true with many developed countries, where the teaching faculty is really worth their le.People can make nothing out of anything,but you in general reap what you sowdian education management is in the hands of unethical,liquor shop dealers,uneducated,unimaginative loafers.when someone can become the central minister,with noreal education ,what do you think you are indicating to. The children,the value of schooling.The management of the country is in the hands of unethical,anti national selfish goo das.that need to change.
    Reply
    1. A
      Ankur
      Nov 5, 2014 at 10:08 pm
      I do not think that in most of the cases student go for good education but they go for prospect of jobs in that country after its education. With the connectivity of internet most of the knowledge is free and easily available. If you really want to master in a particular subject, you can become while you are in India.
      Reply
      1. J
        John
        Nov 6, 2014 at 3:36 am
        om promoter with om observations
        Reply
        1. L
          Lokesh
          Nov 7, 2014 at 3:04 pm
          Schools are now more in money making engines driven by political guys and used them as NGO . Recently one of the international schools in delhi asking the parents to bring fool grains to fund their NGO activities. Focus on developing skills for kids completely missing in schools. Kids are used to become collection agents for these international schools. so frustating.
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          1. M
            mahendra sinha
            Nov 5, 2014 at 6:20 pm
            Business needs the skilled manpower, where from it will come ? Present day Indian industrialist and corporates needs manpower without investing a single penny,which was not the case in yore years.I can name names of TATAs and BIRLAs,with reverence who along with establishing industries,established great insutions of higher learning. At times,I feel sadden that our corporates and industrialist are interested in making easy money ,without social commitment. Why can't they think like great philanthropist sons of present day India like Azim Hashim Premji and Shiv Nadar,if they are talking about fundamental,quality education ?
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            1. M
              mahendra sinha
              Nov 5, 2014 at 6:41 pm
              Dear Uday, Nothing to be ashamed for poor state of education in India.Why don't you emulate Azim Hashim Premji and Shiv Nadar by starting a little bit of philanthropy in the field of education in India,having experienced first hand the trauma of educating your own sons in India ?You are not only aware but have wherewithal.
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              1. P
                Purvanchal Agricircle
                Nov 7, 2014 at 11:00 pm
                It is true that education system in our country needs an overhaul. However, this is not the only reason that parents (read affluent ones) send their wards abroad. I know several students who have studied abroad (in countries like US and UK) but do not have academic excellence significantly different than those who studied in India. I congratulate the new government for initiative made towards bridging the gaps between centres of excellence and rural academic schools and colleges. This was in deed long awaited. The government needs to see to it that this initiative is followed sincerely.
                Reply
                1. K
                  KARUNAKARAN
                  Nov 6, 2014 at 10:08 am
                  Dear Uday,I fully endorse your views and anguish over the Education systems and Standards in India. But you can also contribute your best towards this noble cause of eradication of illiteracy and upliftment of the younger generation of the country.You too can follow the successfully running educational insutions of the Tatas,Birlas,Premji and Shiv Nadar,of course,in your own styles and systems.I hope you will do it sometime in the future.You may make a humble beginning by starting a School up to Higher Secondary level and later on extend and enlarge your wings to concentrate on opening the best colleges in the field of Business,Engineering and Technology and Medicine and stand and set an example to many future business leaders and entrepreneurs.Wishing you all good fortunes in all your good deeds,endeavors and enterprises.It is better to light a candle than to curse darkness.GOD BLESS YOU ALL.
                  Reply
                  1. R
                    Ramamurthi Kolagunta
                    Nov 5, 2014 at 8:44 pm
                    A radical change is required in education. Employment and earning are the main requirements of education. Jobs require varied skills obtained after adequate education. Today if you list all the jobs from an ordinary domestic aid to the MD of an organization and evaluate them for the level of education and consequent and matching mental, physical and soft skills, we can arrive at a frame work for a new pragmatic education policy. Today unfortunately we have inherited a system which does not provide ADEQUATE ( not over or under ) mental, physical and soft skills for each level of work. So there is a great amount of mismatch between physical, mental and soft skills in each category of work. Because of this we encounter poor job satisfaction ( mental ), less physical capability and sot skills, leading to unsatisfactory and less efficient work culture/ atmosphere.
                    Reply
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