According to the New Education Policy (NEP) 2020, by 2035, the gross enrollment ratio in higher education, including vocational education, is expected to rise from 26.3% in 2018 to 50%. Higher education institutions will receive 3.5 billion additional seats.
<h3>Why is NEP important?</h3>
With the help of the NEP, it will be possible to transform Indian education from "sorting and selection" to "human development," allowing each student to reach their full potential. If this vision is carried out in reality, India and the entire globe will benefit.
By 2030, all children in the world would have access to secondary education, according to the new NEP 2020, which was adopted on July 29, 2020. It plans to provide all students with equitable access to high-quality education and an education system that is centered in India. It takes the place of the preceding National Policy on Education from 1986.
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<span>Absolute advantage is the ability to produce a good or a service at a lower production cost than competitors. Comparative advantage is the ability to produce a good or service at a lower opportunity cost than competitors.
Absolute advantage refers to the ability to produce a good more efficiently than a competitor, which means at a lower cost. Comparative advantage means that, relative to the cost of producing other products, you can produce the good at a lower cost. This is also known as the opportunity cost. </span><span />
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