India Open to Global Education Investments

India has the third largest Education system globally, after China and the US, with more than one million schools and 20,000+ Higher Education Institutions.

Post pandemic, several key trends are visible in the education sector, the number of students studying abroad has risen significantly, and there is more awareness about the importance of education and upskilling among people. All of which highlight the fact that there are enormous investment opportunities in the Indian Education sector.

On the flip side, there is a low employability index and massive unemployment among the graduates.

Fixing the problem involves the development of skills and adequate educational infrastructure, for which the government has announced various steps aimed at unlocking these opportunities and enabling skill development in youth.?

Union Education and Skill Development Minister’s Statement:

Mr. Dharmendra Pradhan, Union Education and Skill Development Minister, has made some crucial comments on the education sector in India.

He said, “India is open to inviting capital from everywhere to provide quality education infrastructure to 255 million youth in the 15-25 age group and take the Gross Enrolment Ratio (GER) for Higher Education from 27% to 50% within the next 10 years”.

Pradhan added that India is working with a 2030 timeline in mind, keeping in sight its demographic advantage, to augment quality, capacity, and infrastructure in the Education Sector.

He also stated that UGC's preliminary work regarding the same is completed, and consultations are on with various stakeholders for implementation.

He emphasized the need to meet key education goals by 2030 and get capital from across the globe to achieve them.?

The Indian education system, while witnessing several changes in recent years, has yet to prevent students from going abroad for various educational programs.

There is a lack of seats in courses in higher education such as medicine, so students travel abroad(you must have heard the news of Indian Medical Students in Russia and Ukraine earlier this year post-war declaration) to pursue a degree. There is also a need to create an offline digital infrastructure that sets new benchmarks for domestic players.??

This can be achieved with intensive foreign collaborations.?

Earlier, the Indian Government has also discussed opening Foreign Campuses of IITs, and if we quote ET dated 22nd Jul, “At least 2 Indian Institutes of Technology (IITs) are planning campuses abroad - one each in the United Arab Emirates and Tanzania - under a framework drawn up by an education ministry panel for publicly funded higher education institutes.”

While India adopted LPG more than 3 decades ago, this is probably the first time when the Era of Globalization in Higher Education by the Indian Government is finally seeing some movement and fundamental groundwork.

(Hi)Story of Indian Higher Education is starting to set its Global Footprints!

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