India changes laws for foreign campuses |
With almost all the tech giants of the world headed by Indians world over, India is planning to bring some of the best campuses to India. This will provide Indian students with world-class exposure and produce better leaders of the future. The government is pushing to overhaul the nation`s heavily regulated education sector to attract nearly 750,000 students who spend about $15 billion each year pursuing degrees overseas. The legislation, which will regulate the operation of foreign universities is being prepared for approval by Parliament. It represents a change of heart for the ruling Bharatiya Janata Party, which has for long resisted opening up the country`s education sector. India needs to boost its education sector to become more competitive and close the growing gap between college curriculum and market demands. It`s currently ranked 72 among 132 nations in the 2020 Global Talent Competitiveness Index that measures the nation`s ability to grow, attract, and retain talent. Some universities have already set up partnerships with Indian institutions, allowing students to partially study in India and complete their degrees on the main campus abroad. The current move encourages these overseas institutions to set up campuses without local partners. With more than 51,000 institutions, India`s higher education system is already one of the largest in the world, and in terms of enrolment, it is second only to China. Still, it lags behind China in terms of infrastructure, quality teaching, and research investment.
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