- Funding (calibrated to overcome the externalities)
- Curriculum development
- Information infrastructure about education service providers (i.e. schools but also all sorts of new ways of organising education service delivery) so as to assist choice by parents and students.
AnonymousSunday 10 June 2012 7:28:00 AM IST
To add to this, the production of education services is going to be solved globally by online efforts like Udacity, Coursera, edX, Khan Academy, etc.
In this scenario, I'm not sure why curriculum development should be the job of the govt. I'm not even sure if govt testing will be required if these sites come up with their credentialing mechanism. Why shouldn't testing be left to the corporates? A Coursera profile might carry equivalent weight to a BTech from IIT in future.
The only thing the govt needs to do is provide funding: we need a national research funding organization like NSF in the US which will have stable funding of say 3-5% of GDP for research. All good students will stay back and do PhDs in India if this was done. And, a fraction of this research will flow into high quality companies, provide jobs, expand the economy, etc, etc.