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Doubling down in India

MUMBAI, June 14: The big business news this week in India is the economy. The national economic growth rate topped 9% for the past twelve months, the manufacturing sector grew 15.1% in April, and inflation dropped below 5%. The value of the rupee has risen 13% in the past two months. While there are repercussions to the strong currency, it’s still the kind of economic report any sitting politician likes to hear.

But who will manage this galloping economy? Can India universities and colleges pump out enough graduates to fill the many open positions in thousands of growing companies? Now maybe they can…

As of this week, India doubled its university capacity.

As reported in The Times of India, the University of Mumbai, in a watershed decision, has authorized its 490 degree colleges to offer its courses in a double shift. “In other words, student intake capacity for colleges will automatically double.” It’s a simple but profound move to leverage the existing university infrastructure.

This represents the kind of creative leadership that is powering India’s accent, and in very practical terms, will give the country the human resource capacity it needs to sustain its rapid growth and amazing transformation into an economic powerhouse.