The quality of education imparted in several colleges and universities in the country remains less than adequate to meet the emerging demands for skilled professionals. Substantial expansion and reforms in the education sector would be needed on an urgent basis. Education facilities would need to be extended at all levels, viz., primary, secondary and at a tertiary level.
Macro evidence The survey-based evidence of growing recognition of innovation as well as its importance in production, presented above, is also supported by macro evidence in terms of economy-wide growth decomposition exercises. There is evidence that the step-up in Indian growth in the post-1993 period has been led by improvements in factor productivity.