Correct Option (B)
Assumption 2 is valid. The passage highlights a significant disparity between India's existing education system, designed for an industrial-age workforce with a narrow skill set, and the demands of the contemporary economic environment. It characterizes the present world as "complex, volatile and globally interconnected." This contrast implicitly suggests that learners today require updated, "new-age skill-sets" to effectively navigate and contribute to such an environment, moving beyond the conformity and limited capabilities fostered by the older model.
Incorrect Options:
Assumption 1 is not valid. While the passage critically evaluates India's education system, it does not establish a direct causal relationship stating that this system is the fundamental reason for India's status as a developing country. The critique focuses on the system's inadequacy for the current economic landscape, not its role in national development status.
Assumption 3 is not valid. The passage does not provide any information regarding Indians pursuing education in developed countries, nor does it comment on the reflective quality of educational systems in those nations. Therefore, this assumption cannot be inferred from the provided text.