SoftBank Vision fund posts a record $17.7 billion loss for the last fiscal year with great Unicorn this is the situation for just 60 days Lockdown . Soft Bank Vision fund the biggest investor in startup’s in India and they say this pandemic may be bankrupt 15 of it’s wonderful companies.
Just imagine what will happen to Indian Education system if the same COVID Crisis continues if they don’t adopt technology in their day to day functioning .Today Indian Education system is the largest in the World having 1000 + Universities , 44000 Colleges and 650000 Schools where 350 Million Students are effected with COVID19. Almost 100 % students unable to attend regular campus classes and every one is moving to online without proper training and technology. Till 2020 Feb every institution is focusing and investing entire money on land & infrastructure.Today all this huge wonderful campuses are empty without student also faculty and no hope when they will restart.It’s crucial time for all higher education institutions where placement and admissions happens and normally most of the institutions in India by this time they might have placed 80 % their students in good companies and closed their admissions. But the scenario is different now only 40 % students are placed till now and no hope about remaining students future since the industry scenario is alarming . Same way regarding admissions only 35% institutions are closed 50% admissions remaining 65% of the institutions still not able to get double digit . And surprise to see the news Oxford,London Business School,Wharton,Imperial College,Carnegie Mellon, Johns Hopkins they are Worlds best Ivy League Institutions and getting a admission in this institutions is a dream for any aspiring student across the World,today all this institutions are relaxed their admission norms because of COVID19 pandemic has forced several universities to suspend their standardised testing requirements.All the universities across the World extending their deadlines for receiving applications. Some Universities first time they are cancelling application fee also processing fee and some of the Universities are ready to offer large number of scholarships amount to 50 % of regular fee .Now all relaxation towards GMAT & GRE and work experience by all top leading Universities and including Harvard is worried about their intake and start dates of academic programmes.
If the situation continues what will be the future of Indian Education system ? Unlike universities like Harvard , Oxford , Stanford, MIT , Imperial College where they have a corpus with that they can survive one more 15-20 years . There is educational group in India can survive more than 2 years without admissions.
There is need of Government and Corporate support to Educational Institutions in this crisis situation.
Sir Dr.Hari Krishna Maram, Digital Brand Ambassador and Chairman of Vision Digital India, Vice Chancellor – Global Digital University, USA narrates his journey. Dr. Maram’s work in the field of Management and Management Education spans over 24 years. He has an illustrious career in education and has served as the Governing Council Member at AIMA (All India Management Association), Vice President at AIMS (Association of Indian Management Schools). Additionally, he was Honorable Secretary-BMA (Bangalore Management Association), Treasurer-Education Promotion Society for India (EPSI) South India, Executive Board Member at NIPM and Chairperson Higher Education Forum –Karnataka. His efforts in management education have been recognized on numerous occasions by the Government of India. He is also a part of the UGC Committee.
Besides being an excellent academician and educationist, Dr Maram is involved with a large number of CSR activities. He is the District Chairman of Lion’s International and Trustee of Lions Super Speciality Eye Hospital & Lions District Service Foundation. Additionally, he is the Chief Mentor of the great initiative “Bangalore Green” which aims at environmental conservation in Bangalore. Throughout his lifetime, he has received various awards like Prestigious Knighthood Award from UK, MTC Global Top 10 Thinkers, “Ramaswamy P Aiyar Best Young Teacher” Award by AIMS,”J L Batra Best Research Paper” Award, “Education Evangelist of India” Award, Lions International President’s Medal, Karmavira Chakra Award, “Medal of Honour” from CIAC Global & The Education, 50 Most Admired Global Indian award from Passion Vista Magazine, Sunfo High appreciation award from Srilanka, International Leadership Innovations Excellence Award from Indo-Srilanka Economic Summit, SHIKSHA RATTAN award from Institute of Economic Studies, International Icon Award from International Economic Summit @ Thailand, Global CIO Award by Global CIO Forum and many more.