Wednesday 6 July 2016

Education, Counseling, Research & Development Services

Education and skill development has a major role to play for growth in a countries economic & demographic dividend. According to a report by Economics division of Ministry of Finance, by the year 2014-15 Indian Education sector is termed to increase to Rs 602,410 crore (US$ 95.80 billion) with quality education as strong trait, according to a report by India Ratings. The private education sector is estimated to reach US$ 70 billion by 2013 and US$ 115 billion by 2018, according to a consulting firm Technopak.

In the FY year 2013-14 government had spent 4.6% of its GDP in education sector. Taking importance of education and skill development in prior consideration and to double the GER in next eight years, the Government of India has set itself an aggressive target of achieving 30 per cent gross enrolment ratio (GER) in higher education by 2020.

Foreseeing an increase in the pace of growth of education sector in India, many alliances and acquisitions are looked upon by many private companies. Variably core investments are being seen in the areas of pre-schools, private coaching and tutoring, teacher training, development and provision of multimedia content, educational software development, skill enhancement, IT training and e-learning.

According to GE’s Annual Global Innovative Barometer, India has been ranked as the world’s sixth most ‘innovative’ country. DrManmohan Singh, Ex- Prime Minister of India, urged the country's private sector and industry to invest in enhancing education and research in the country, as India looks to increase its gross enrolment ratio to 30 per cent by 2020. 

The government is currently in the midst of rolling out the RashtriyaUchchatarShikshaAbhiyan (RUSA) which will create 278 new universities and 388 new colleges in addition to converting 266 colleges to model degree colleges by the end of the 13th Five Year Plan (2017-22).According to a report 'Education in India: Securing the demographic dividend', published by Grant Thornton, the primary and secondary education, or K-12 sector is expected to reach US$ 50 billion in 2015 from US$ 24.5 billion in 2008, growing at an estimated compound annual growth rate (CAGR) of 14 per cent.

Further, according to the report '40 million by 2020: Preparing for a new paradigm in Indian Higher Education' released by Ernst & Young, the higher education sector in India is expected to witness a growth of 18 per cent CAGR till 2020. At present, the sector witnesses spends of more than Rs 46,200 crore (US$ 7.68 billion), which is estimated to grow over Rs 232,500 crore (US$ 38.69 billion) in 10 years.

According to a Goldman Sachs report — ‘India’s Rising Labor Force’ — around 100 million people from India are projected to join the global workforce by 2020. With 50% of its population below the age of 25 and more than 65% hovering below the age of 35, India seems to be poised to reap a demographic dividend. 

An editorial in the Deccan Chronicle in October 2012 pointed out that the Twelfth Plan is crucial to realising the so-called demographic dividend available to India by 2020: i.e., a population with an average age of 29 compared with 37 and 38 for China and the United States, respectively. But then, if young Indians are to meaningfully participate in the economy and contribute to growth, they need a reformed system. “It is imperative to improve the quality of teaching in schools,” the editorial argued.

Research & development

Along with US and China, India is poised to be third largest economy, to play a leading and important role in global economy.
Research is the keystone for widening India’s production potential and universities must be the hotbeds of research activity, said MrPranab Mukherjee, President of India.

The services sector which includes research and development (R&D), testing and analysis besides other related segments attracted foreign direct investments (FDI) worth US$ 39,039 million between April 2000 to January 2014, an increase of 18 per cent to the total FDI inflows in terms of US$, according to data published by Department of Industrial Policy and Promotion (DIPP).

for more information visit education and counselling management institute



Wednesday 29 June 2016

Careers in the hospitality industry



From the renaissance era to modern era of 21st century the inception of the hospitality concept surfaced and became a commercial endeavor. Now it’s not limited to just a room and board, the industry has morphed into a multitrillion dollar global enterprise.
 The hospitality industry encompasses primarily of lodging, food service, and travel and tourism sector. The lodging segment includes hotels, motels, casinos, resorts, bed and breakfast operations. The food service operations consists of quick service restaurants, institutional food service operations, full-service restaurants, lodging food service just to name a few. The travel and tourism sector includes airlines, cruise lines, tour operations, and tourist bureaus. Other areas of the hospitality industry include event venues, conference and convention centers, consulting firms, and clubs.

Before intruding into industry one need to be clear about industry, its work culture and most important about one’s own personality that will he/she be able to cope up with things?

  • Are you ready to take the plunge in the hospitality industry?
  • Do you have a vibrant, outgoing, and upbeat personality?
  • Do you have the drive and energy to persevere?
  • Are you a leader?
  • Are you a team player?

Do you feel a sense of fulfillment when extending a helping hand to others?
Do you enjoy meeting people from different walks of life?
Do you love to travel?
Do you acclimatize well to change?
There are some of the necessary personality traits, skills, and qualities to thrive in this line of work. No two days are alike in the hospitality industry; each day brings an array of challenges. Hospitality employees strive to anticipate customer needs, exceed expectations, and pursue excellence. These service qualities are vital for hospitality professionals to exude in the field.

·        There are numerous career choices in the hospitality industry. Typically, entry level positions are procured in operations. A lodging sector entry level position may be attained in front office or food and beverage operations. These positions are also available in other areas such as sales and marketing, sales and catering, finance and accounting, or human resource departments.
·   Middle management opportunities in the lodging and food service sector include executive positions, and typically are titled Assistant Manager or Supervisor.
·        In recent years, there is a growing demand for nouveau careers within the industry; titles such as revenue managers, asset managers, real estate developers, sustainability managers, event planners, search engine optimization and social media specialists are on the rise. 

·        Climbing up the career ladder from middle management to upper management positions means attaining a job title, namely, a Director, General Manager, Chief Financial Officer, Vice President or even President. These positions require a number of years of work experience. Planning, coordinating, communicating, and directing, controlling and decision making are management skills expected of most middle and senior managers.

So, hospitality sector opens a wide range of job opportunities from graduates to post graduates, from fresher’s to experienced in this perennial industry.

for more information visit travel and tourism institute