Elite universities like Yale, Oxford and Stanford may soon be in India
While Indian universities have produced CEOs at top global companies like Microsoft and Alphabet, many of these institutions rank poorly internationally.
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The backstory: While Indian universities have produced CEOs at top global companies like Microsoft and Alphabet, many of these institutions rank poorly internationally. Right now, India ranks 101 out of 133 countries in the 2022 Global Talent Competitiveness Index, below Zambia and above Eswatini. Yet, according to an Ernst & Young report, India has one of the largest higher education systems in the world, with over 40 million students enrolled across thousands of universities and colleges.
More recently: Last week, the University Grants Commission (UGC) in India released draft regulations that would allow foreign universities to set up campuses and award degrees in the country for the first time. It's also worth noting that fees for these overseas universities will be kept "reasonable and transparent," but the local campus will have autonomy, from setting admission criteria to the fee structure. Some foreign universities have local partnerships to allow Indian students to study partially in India, but this proposal will let these top schools set up their own campuses without local partners so students can complete their entire program without traveling overseas.
The development: India is now looking to shake things up by inviting prestigious foreign universities like Yale, Oxford and Stanford into its borders to become a more competitive player in higher education. This move will also likely open the doors for overseas schools to tap into the market of India's young population. This is all part of the government's efforts to make higher education more affordable and accessible for local students and to make India a more attractive destination for global education.
Key comments:
“Last year, nearly 4.5 lakh Indian students went abroad for studies, this means a huge outflow of capital from India and this also shows that there is a huge interest among Indian students to study in foreign universities. This is why we wanted to bring the institutes to India,” said University Grants Commission chairperson M Jagadesh Kumar.
“The education system in foreign universities is more advanced. Foreign universities offer a better quality of education. If they are allowed to set their campuses in India, Indian students will be able to benefit from their world-class expertise in innovation and research,” said Indian student Kritima Bhapta to news agency PTI.
“Foreign universities offer better quality of education and if they are allowed to set their campuses in India, Indian students will then be able to benefit immensely,” said Sidhant Gupta, 25, who is pursuing his post-graduation from a UK university remotely, to PTI.
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