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Higher Education


in India & BRICS An overview by Prof. Vikas Verma, Director The Institute of Productivity and Management, India


E About the author:


Prof.Vikas Verma is Director of the Institute of Productivity and Management, in India which has four campuses. He teaches general management and strategy.


Prof Verma is an MBA with 22 years of experience in the field of management education. He is widely travelled and is visiting faculty in numerous business schools abroad. Besides teaching he also enjoys corporate training and consulting in industry. He has also set up an Entrepreneurial Centre to encourage start- ups in India.


ducation in South Asia has always been given importance by society. An educated mind is held on a higher pedestal than a wealthy person. The formal education system as introduced by the British in 1850 held them in good stead as it produced an army of clerical staff to serve the British Indian Government.


The next impact on education, particularly higher education, occurred in the 1950’s when India got independence. Primary, secondary and college education became the state priority and thousands of schools and colleges opened. The growth continues to rise today. Today education is considered a priority for advancement.


India, like the rest of the world and particularly South Africa, China, Brazil and Russia, is trying to leapfrog into the developed world by placing emphasis on sciences management and engineering education.


I would like to draw the attention of readers of this magazine to the 35-year journey of the Institute of Productivity and Management (www.ipm.edu). IPM, as it is more popularly known, was founded by Prof. V.P. Verma in 1977 to promote the cause of productivity and management through education, research, training and consultancy. The objective was to increase productivity in Indian industries through training the workforce on a regular and consistent basis. Issues of worker productivity, participation in management, Time & Motion studies, attrition, and waste reduction were brought to the forefront through formal training. At the same time, educating young men and women in the formal MBA programme was pursued relentlessly in multiple locations to meet the demands of the industry for well-rounded MBA’s having the right skills/attitude.


36 Management Today | May 2012


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