Journal Press India^®

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Purpose: This paper is seeks to examine, three sets of emerging relationships in India and some other countries, during the LPG era i.e. 1. Education and Government; 2. Government and Business; and 3. Business and Education Design/Methodology/Approach: The research is based on the secondary data taken from several reports and websites. World Development Report was also utilized to get the relevant information. Findings: Public expenditure as a proportion of GNP was highest in Sweden, both in 1980 (9.0%) and in 1997 (8.3%). India registered a marginal improvement from 3.0% (1980) to 3.2 (1997). The UK suffered marginally, the USA by a substantial margin, and Japan to a staggering extent, while France fairly improved her position. The Russian Federation remained static at 3.5%, while China witnessed a marginal decline from 2.5% (1980) to 2.3% (1997). Yet, the Adult Literacy Rate of China for the year 2002 was remarkably higher at 91% as against Indiaís 61%. In certain countries like the USA and the Netherlands, University-level education had moved on the road to counterproductivity in the matter of income level. The Government of India had collected about three thousand crore Rupees retrospectively with effect from April 2004 (Upto October 2004), but not a single paisa had been spent out of this earmarked fund during this period. This, along with a widened Service Tax of two percent, also levied retrospectively, was adding fuel to the fire of inflation. Research Limitations: Some statistical tools would have been implemented to reach the result, and primary data through structured questionnaire might have been obtained. Managerial Implications: This research may help the government and industry to design the education pattern which will be a win-win situation for students and the industry, and government overall. Originality/Value: This research is a unique research study.

Keywords

Government, Education, Industry, Business.

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