NEP 2020 will ensure creative learning and boost employment prospects: Rating agency
The government through the NEP brought about many changes to the higher education segment
The new National Education Policy (NEP) 2020 will enable creative learning among students and boost their employment prospects, says India Ratings and Research (Ind-Ra) in a report. However, it added that the target is challenging and seems difficult to be achieved, said a report by wire service PTI published in The Financial Express.
Last week, the government through the NEP brought about many changes to the higher education segment with the aim to make the education system in the country well organized. Moreover, the government is encouraging enrollment in higher education through the implementation of a cap on tuition fee in private institutions.
The rating agency feels doing so may hurt the revenue profile of private and/or unaided educational institutions offering higher education and affect faculty quality, which may lead to sub-par learning outcomes, said the report.
Ind-Ra believes a single regulator would bring in more transparency, reduce entry barriers in terms of time and costs involved to commence a college/university and lessen states’ involvement in managing matters of higher education. According to The Financial Express report, effective implementation of the reform measures underlined in the NEP will require enhanced government spending in education, the rating agency said.
Through the NEP 2020, the government plans to set up the Higher Education Commission of India with four verticals - National Higher Education Regulatory Council, National Accreditation Council, Higher Education Grants Council and General Education Council, the report said.
Read the full report in The Financial Express