India had set an aggressive target of 30% Gross Enrolment Ratio (GER) for its education sector by 2020. Success in achieving this ambitious goal has exciting possibilities if India partners intelligently with foreign universities and if Indian legislators give due cognizance to the need for reform of the current Indian education system, introducing flexibility in the existing rigid regulations. Policymakers believe that awareness of the prevailing drawbacks and acting to correct the tradition-bound precepts would achieve the intended purposes of employability, global exposure, innovation, research, and world-class education. Here are some excerpts from the thought-paper published by me, which aims to offer an all-encompassing assessment of the inclusion of foreign universities in the Indian education system, with focus on how such a move would benefit Indian students and give value-addition to the country’s education sector.
The National Education Policy (NEP), 2020 pushes for a legislative framework to open the doors for select foreign universities (from among the top global 100) to set up campus in India, giving them special dispensation for their operations “on par with domestic autonomous institutions.” Similarly, the cross-border education plan will encourage high-performing Indian universities to operate overseas. This synergy between Indian and foreign academic institutions aims to promote cross-cultural exchange and technical know-how as also to boost tax revenue. The knowledge and expertise gained through investment in people and innovation will, it is hoped, allow the world to maintain a technological leading edge, build a strong global economy, and improve the quality of life.
Please click here to read the full article by Nitin Potdar published in Mondaq.
Nitin specializes in Public and Private, Mergers & Acquisitions, Business Restructuring, Asset & Share Purchase, Transborder Alliances & Joint Ventures, Private Equity and general Corporate advisory.