OLD IS GOLD W.R.TO EDUCATIONAL SECTOR

Over the past two decades the word “Globalization” has become a common word that is heard in many international conferences and large gatherings. A number of definitions of globalization related to the provision of products or services are given by various people of different sectors. The impact of globalization is also felt on educational industry. The trend of the students and their parents has changed from mere getting a seat for their ward in reputed college to get a seat in a college which gives placement assurance and many more tie ups with foreign universities and dual programme etc. They prefer the college with good academic record and placement record. Education is a complicated system with distinctive properties of objectives, structure, organization, operation modes and operational effectiveness. There has existed a bigger gap between theoretical objectives and implementation practice, which is pushing education further away from the society-desired ideals of equality, democracy and civilization. This paper covered a concept and importance of the education system and the challenges faced by the education sector etc., In a country like India where the students who emerge from colleges are often being accused of not being industry ready and far removed from practicalities, the academic industry must put its best foot forward. Industry academia relationship has over the years involved setting up research labs, sponsoring initiatives, offering projects, mentoring students, instituting scholarships and awards. This is a gateway for aspiring students.