Big Universities such as Stanford, Oxford might setup their campus in India?
Key Takeaways:
- A draught law to make it simpler for foreign institutions to operate in the country was unveiled for public comment by the regulatory body of the university grants commission.
- The ability of a nation to develop, attract, and retain talent is evaluated by the Global Talent Competitiveness Index of 2022.
- Before becoming law, the final version of the University Grants Commission bill will be submitted to parliament for approval.
As part of reforming the country’s higher education system, India has taken a step toward allowing prestigious foreign universities like Yale, Oxford, and Stanford to open campuses and grant degrees.
On Thursday, the university Grants Commission’s regulatory body unveiled a draught law for public comment to make it easier for foreign institutions to operate in the nation.
According to the draught, the local campus may choose the admission standards for domestic and international students, the fee schedule, and the scholarship programme. The institutions will be free to choose who they want as faculty and staff members.
Prime Minister Narendra Modi is working to reform the highly regulated education system to make it more affordable for Indian students to earn foreign degrees and to promote India as a desirable study destination worldwide. Additionally, the move will make it easier for foreign institutions to reach the nation’s young people.
Despite producing CEOs for companies like Microsoft Corp. and Alphabet Inc., India’s universities and colleges consistently perform poorly in international rankings.
The nation must expand its education sector to become more competitive and close the gap between college curricula and market demand.
According to the Global Talent Competitiveness Index of 2022, which assesses a country’s capacity to develop, entice, and retain talent, it currently holds 101st place out of 133 countries.
Some universities have already formed alliances with Indian educational institutions, enabling students to do some of their coursework there and finish their degrees on the main campus abroad.
The current action will encourage these foreign universities to open campuses without collaborating with local organisations.
The final version of the University Grants Commission bill will be presented to the parliament for approval before becoming law.
Source from: Hindustan Times
