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Showing posts with label supply. Show all posts
Showing posts with label supply. Show all posts

Wednesday, June 6, 2012

Five major challenges faced by Indian startups

One keeps coming across conversations that focus on when would India provide or start producing the next Googles or Facebooks? After all, many Indians have played a key role in turning the Silicon Valley as the global innovation- hub. While nobody may have a conclusive answer to the question posed above but nevertheless many startups have recently emerged in India, especially in the field of internet commerce.

Despite frenetic activities (by the Indian standards) on the startup scene, it hasn’t been a smooth ride for the entrepreneurs. In this blog I will focus on major challenges being faced by startups in India. I have tried to incorporate views of some of my friends who did give entrepreneurship a try. While some of have them have returned to become private naukars again, others are still part of the former breed.

Wednesday, August 10, 2011

Double Dip: The likely impacts on India

In one of my previous blogs I wrote about why double dip was a possibility in the US? Now after the S&P downgrade of the US debt, it seems that the sentiments have really turned for the worse though fundamentally things haven’t changed a great deal. But what if the double dip materializes and what lies in store for India if US is engulfed by the economic crisis? Let’s discuss them. 

Wednesday, December 8, 2010

IIT & IIM: Do we really need to expand?

As India looks to outpace other countries in terms of economic growth - higher education, because of its criticality, is in the limelight (better late than never). With the focus being on higher education, two of the best known Indian Institutes, IIT & IIM find a mention in our day-to-day discussions. As efforts are being made to increase the number of IITs & IIMs , questions are being raised whether that's leveraging the brand or diluting it?
We do know that India needs more quality educational institutes. With the claim to fame of many IITs & IIMs being “one of the toughest institutes to get into”, it’s more a commentary on the paucity of seats rather than intellectual rigor. So doing nothing is not an option.
Before I start putting down my views, I would bring to your attention a group that opposes expansion of IITs & IIMs even if brown-field i.e. increasing capacity of existing institutes. They argue that it might commoditize the brand (make no mistake quality is not their concern). Such arguments make no sense as IITs & IIMs are not Guccis & Armanis. IITs/IIMs stand for quality not exclusivity. 
Let us now look at some pressing concerns that justify the “need to expand”.
“During 1955 to 1975, the growth rate was high (10.5%) as the IITs were being set up and establishing the UG programme. In the next twenty years, there was a slight increase in the output (less than 1% per year). Since 1995 the growth rate increased to 4.2% per year mainly due to the addition of IIT Guwahati and IIT Roorkee.”
Source: ENGINEERING EDUCATION IN INDIA (2007)

The above data clearly shows that we need Greenfield investments i.e. open new IITs & IIMs as they mainly power the growth in intake. In fact IITs that accounted for 5-8 % of total output of engineers in 1980s now account for less than 1%. 
Many feel that expansion might lead to quality of education being compromised with. It’s a valid concern and needs attention (I will try to come up with remedial steps in the later part of the blog) but do you feel that the quality of new colleges will be worse that the existing private set up where students are forced to join if they can’t make it to the sought after colleges. I don’t think so as the “quality gap” is so enormous that we would certainly find the new ones, in terms of quality, somewhere in-between.
Even though IITs & IIMs might be under funded by global standards but they are still much better off than their Indian counterparts. So the question is whether we would be better off opening new colleges under new names rather than using the umbrella of IITs & IIMs? My answer would be that the name provides them greater attention and care which a new institute desperately needs. NITs have been greatly benefitted by the tag.
We all have great faith in the brand name of IITs & IIMs. Are these brands that weak that expansion would dilute them to the extent that it threatens their existence? That’s not the way, great brands operate. In fact, if properly carried out, expansion would only strengthen them. Greater student & alumni base would mean greater reach, influence and impact. Mind you, it would come in handy when we face the onslaught of foreign universities. By the way these are the outputs of some well known international engineering institutions: Urbana-Champaign 1950 degrees, Purdue 1840 degrees, Georgia Tech 2300 degrees, Tokyo University 3000 degrees, Tsinghua university about 4000. (Source: ENGINEERING EDUCATION IN INDIA, 2007)
Let’s now look at some of the methods that can expedite quality enhancements at the new colleges:
  • With increased intake, we must aim at increasing the bandwidth of well known professors i.e. number of students that s/he can address at a given time. This can be facilitated by ICT based live or recorded lectures. Technological intervention would also help in facilitating better educational aids or resources. The Masters as well as Fellowship programmes need to be strengthened as well.
  • We have buddy system in place where an old IIT/IIM mentors the new IIT/IIM but that doesn’t include student set-up. Peer learning and mentoring by seniors can help students at new IIT/IIM catch up faster. We should provide online platform to facilitate such exchange of information. Student exchange programmes can also be incorporated to facilitate co-operation. 
  • At least for the first few years, mentor IIT/IIM should help out their new members with their placements. It might seem unthinkable given the sort of competition but modalities can be worked out as new IITs/IIMs have relatively fewer intake.
  • Private sector, both India and abroad, have been the biggest beneficiary of the outputs of IITs/IIMs. PPP model for faculty development where industry provides visiting faculties or funding can be looked into. The academic exposure would benefit the employees as it could be a welcome break or “going back to basics” for them. It would be a win-win situation for both as private sector stands to gain through quality output and colleges through quality faculty.
Some reach out only for the riches whereas some reach out to help each other out. So if alumni and students of established IITs/IIMs reach out to their newer counterparts, they can certainly consider themselves better IITians if not prouder. Else a caste system in the intellectual and educational set up is in the making as there is a very thin line between being elite and being elitist. Please avoid it.

Thursday, September 2, 2010

The side-effects of Campus Placement Process

In my previous blog, I tried to jot down some of the benefits that the campus placement process has brought. Most if not all of us would agree that campus placement has been one of the most positive development in the field of education and has increased the purchasing capacity of the Indian youth with its wide reach.