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Investor Presentaiton

IV.8 Building Human Capital Business perception regarding human capital is rather limited Entrepreneurs have agreed that the current education system is still behind in complying with the needs of the competitive economy (-0.68; 61.7%). A number of factors are found to be improved when compared to the pre-pandemic period 58.3% of respondents somewhat agree that primary education still lags behind in meeting the needs of a competitive economy (-0.67) 67.1% of respondents perceived that companies are not investing enough in the training and development of the employees (-0.52) and 62.5% of respondents have the opinion that companies invest on human capital expenditure to minimize costs (-0.58) Further decline is observed in the basic level of education and human resource development Moderate improvement has been seen in tertiary education and professional skill development though it still belongs in the negative zone 49.3% of respondents perceived that tertiary education system somewhat did not meet the needs of the competitive economy (-0.30). Challenges are observed in the case of vocational education (-0.21; 50%); non- vocational education (-0.79; 66.7%) Curriculum development, improvement of teacher's skill and quality, orientation with international skill development system, standardization of national skills under NSQF, more public investment on vocational and non- vocational institutes are highly essential. 53
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