The cost of education in India is rising much faster than inflation. It estimated with the current scenario that the average cost of MBA and engineering degree will be around INR 50 Lakhs and INR 25 lakhs respectively until the year 2025. We have more than 70% people who are a part of the Bottom of the Pyramid earning less than INR 10,000 monthly. How can they even think of affording this education?
In India, 30% job aspirants have doctored CV;s and fake degrees. This has created a Billion Dollar industry of background verification. On an average a company has to spend an amount equivalent to the employees annual salary in case of hey have to replace a dishonest employee. That is why companies have to focus on the college brand name, which eventually leads to missing out on good talent who couldn’t attend a Tier I college because of lack of opportunities.
Our Higher education’s curriculum was last updated during the industrial revolution. In the current scenario, where the world is changing at a rapid pace, it is nearly impossible to keep updating the college curriculum. This establishes a skill gap for the students when they try to enter the industry. Thus leading to unemployment. So apart from technical skills, every individual today needs to be agile and adaptive, focus on innovation and develop problem solving skills.
- One of the biggest problems is the cost of education. The population at the Bottom of the pyramid cannot afford to enroll in good institutions because of financial crunch. Nothing but a trap. The situation today affects the situation of tomorrow.
- The inability to access the right talent because of lack of transparency among the University-Student-Company has led to increase in the number of unemployed youth.
- What we lack are smart citizens. With 30% youth population, the sleeping lion, this nation, could turn things around if we can help deliver the right experience and exposure to each individual.
- A MOOC platform that pays you to learn and adapt new skills. The more your effort the more you are rewarded in the form of digital currency. Your present won’t define your future.
- A blockchain based platform to store the digital certificates, university degrees and work experience documents for lifetime and visible to all, connecting right candidates to right recruiters. Its time they knew the truth.
- The experiences and exposure can be delivered using the power of internet. We have designed an add-on course to develop problem solving skills. Life is about problems and you should be able to solve your own.
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