Economy Current Affairs - 2020

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World Wide Education for the Future Index: India jumps to rank 35

The Economic Intelligence Unit recently published the Worldwide Education for the Future Index for the year 2019. India has jumped by five ranks and currently holds rank 35.

Highlights

The ranking is provided based on the ability of a country to equip their students in skill-based education. India ranked 35th with an overall score of 53. The scores were provided based on the performance of the countries in three countries namely teaching, policy environment and teaching environment. In 2018, India ranked 40th with an overall score of 41.2.

In Policy Environment, India scored 56.3, in teaching environment its score was 52.2 and in socio-economic environment India’s score was 50.1.

India has performed better in socio-economic environment. This is because in 2018, its score was 32.2. However, the performance decreased in policy environment as the score in the area in 2018 was 61.5

Global Rankings

Among the largest economies the countries that fell back in their rankings include US, UK, Russia and France. On other hand, India, China and Indonesia performer better as compared to the previous year.

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Department of Biotechnology held International Summit on Women in STEM

On January 25, 2020, the Department of Biotechnology held an International Summit on Women in STEM (Science, Technology, Engineering and Mathematics) on the following theme

Theme: Visualizing the Future: New Skylines

The summit aimed to increase the participation of women in STEM field.

Highlights

The summit show cased the success of several women in the field of STEM. The summit also hosted different sessions on empowering women through networking, leadership building, interactive exercises with scientists.

The summit served as a platform for the students to interact with leaders in the field. This will help them widely in developing ideas and frame a future plan in their career.

Constitution

According to Article 51A, it is the duty of every citizen to develop scientific temper, spirit of inquiry and humanism.

Significance of the summit

The National Science Foundation predicts that around 80% of the jobs created in the next 10 years will be STEM oriented. However, India lags students in the field of problem-solving, innovation and creativity.

Also, women are under represented in the field. According to UNESCO, only 29% of STEM R&D are contributed by women.

The hinderance in India’s growth in STEM is that the contribution of education system towards STEM is lagging.

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