The dream of a foreign education could be realised closer home in a few years’ time.
- According to a news report, the government has introduced a provision in the Higher Education Commission of India Bill to allow the operation of foreign universities in India.
- The bill aims to set up a single higher education regulator that will replace the University Grants Commission (UGC) and the All India Council of Technical Education (AICTE).
- It has a clause stating that the new Higher Education Commission can permit “highly-reputed foreign universities” to set up campuses in India.
- The lure of an educational degree from abroad has always been strong. Many Indian students, especially after graduating or working for a few years, start eyeing foreign shores.
- With fast-changing industry demands, people need to update their skills to global standards. A foreign education, however, is frightfully expensive. An undergrad student shells out over $70,000 a year to attend an Ivy League university in the US.
- If educational costs are high overseas, at some part of it is on account of high living costs abroad. The same education imparted in India could be done a lot cheaper.
- If premium foreign varsities enter the Indian education market, it’s quite likely that competition with domestic ones will drive up overall standards.
Way forward –
It’s possible that fees will also rise sharply, but that just means a robust system for student scholarships and loans would need to emerge.
The government’s broad aim is to earn more foreign exchange, by attracting foreign students, and make “Educated in India” a tag worn with pride.
Source – Livemint
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Question – The issue of brain drain can be tackled by tweaking provisions in Higher Education Commission Bill to allow foreign universities to operate in India. Discuss.