| | 8 NOVEMBER 2020HIGHERReviewIN MY OPINIONMuch has been said about the National Education Policy 2020 since it was passed by the Cabinet in the month of July. The Policy has been met with a flurry of reactions across the coun-try. At a time when leading economies like Europe, US, South Korea, Japan are ageing, India holds the advantage of having an increased working pop-ulation and the youngest in 2020. It not only offers an unprecedented edge over other developed or developing nations but also has the demographic potential offering ultimate superior-ity which could further contribute to the GDP growth rate and realise the dream of $5 trillion economy. With such latent talent lying dor-mant, it is indeed a need of the hour for amuch-needed structural reform in the education system of our great nation. The Policy has transformed the system to match international standards of pedagogy. The Policy aims to inculcate critical thinking and creativity among students and encour-age innovation. It also focusses on the higher education scenario to enhance its quality standard and make India a global knowledge superpower. By promoting a beneficial learning envi-ronment, research and free communi-cation between teachers and students, the NEP is all set the ball rolling in the right trajectory.The Indian Institutes of Manage-ment have been one of the country's prestigious establishments since their inception. IIMs were declared insti-tutions of national importance by the Ministry of Human Resource De-velopment (now renamed Education Ministry) after the passage of Indian Institutes of Management Act, 2017. IIMs have always provided education par excellence and produced respon-sible leaders with an entrepreneurial blend of mind. However, due to their small structures, despite having ample talent, they have been unable to fig-ure in top 100 institutes of the world. This has always been our shortfall in emerging as an institute of global re-pute. The new National Education Policy aims to change this by allowing technical institutes like IIMs become multi-disciplinary.By becoming multi-disciplinary, IIMs will be able to introduce new-By PROF MAHADEO JAISWAL, DIRECTOR, IIM SAMBALPURNEP 2020:A GATEWAY FOR INDIA TO ENTER THE WORLD COMPETITION
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