Transforming and Facilitating Quality Education in Developing Knowledge Economy

Abstract

In 2015, world leaders gathered at the United Nations (UN) to adopt 17 Sustainable Development Goals to achieve several extraordinary things by 2030. Among these 17 goals of sustainable development, ‘Quality Education' has been recognized as the fourth most important thing in order to transform our world. Obtaining a quality education is the foundation to improving people's lives and sustainable development. India, which is now one of the fastest growing economies of the world, is continuously thriving to transform and facilitate quality education for all, irrespective of the gender, caste, and socio-economic status to leverage county's demographic dividend. Such initiatives have been helpful in creating and sustaining a knowledge society and economy where people learn and build their capabilities to add value through knowledge development, improvement, and innovation. The efforts taken by India to improve the creation, storage, and dissemination of knowledge have helped her to build human capital and face the challenges of dynamic and ambiguous environment. This chapter discusses critical activities contributing to the desired change, highlights prevailing structural and socio-economic issues, and in the course of the analysis identifies some critical areas for improvement.