Getting a foreign education dream may soon become a reality for Indian students and also very cheap. If things go according to the government’s plan, students might soon find themselves studying at Harvard University, Hyderabad or at the University of Massachusetts, Mumbai. This amazing theory might become a reality as the government plans to introduce a provision in the Higher Education Commission of India Bill.
As lakhs of students fly abroad every year to pursue higher education, the government plans to amend its laws to keep them home. The Ministry of HRD, Government of India is planning to introduce a provision to permit foreign universities to establish campuses in India. This is a part of the government’s plan to make “Educated in India” a tag worn with pride.
As per the official data, there are currently more than 7.5 lakh Indian students studying abroad. Having foreign reputed universities’ campus in India will have a dual impact.
The no. of Indian students going abroad will decrease.
The no. of foreign students coming to study in India can see a rise.
However, the government has clearly mentioned the establishment of campuses of “highly-reputed foreign universities”. Students studying abroad spend something around USD 70,000 every year on such universities. When they stay in India and spend that amount on their education here, this will prevent the outflux of money from the country.
The new provision being introduced in the Higher Education Commission of India (HECI) Bill is also expected to improve the overall education standards in India. The government believes that the establishment of reputed universities across the world in India will increase the competition with the local Indian Universities and will thus increase the overall level of education in the country.
The draft for the Higher Education Commission of India Bill was first introduced in the year 2018. With this, the government plans to repeal the University Grants Commission Act of 1956 and establish a new Higher Education Commission of India. The HECI will be the sole higher education regulating authority in India and will replace the University Grants Commission (UGC) and the All India Council of Technical Education (AICTE).
The HECI’s task will be to maintain academic standards by:
Specifying learning outcomes for courses.
Specifying eligibility criteria for Vice Chancellors.
Ordering closure of higher education institutes which do not adhere to standards.
The commission will have the supreme power for approving institutions and also for revoking them. The Bill will also establish an advisory council to advise the HECI.
If foreign reputed universities like Harvard, Stanford and Yale establish their campuses in India, that will be a serious challenge to the players at home like IITs and NITs. Thus, the education industry will surely see a boom. However, in the midst of all of this, the cost of education does remain a concern.
Though foreign education is expensive due to the higher living costs in the developed countries, a part of that high cost is also due to the high standards and already established reputation of the universities. So, in case these universities step their foot in India, they may also lead to an increase in the higher education cost in India. Seeing a competitor in the market, the Indian universities will probably increase their fees.
The increased costs will arise a need for more and more Education Loans for Higher Studies. The sole reason government plans to bring such a provision is in order to earn more foreign exchange of students. If everything goes right, soon students throughout the world will say proudly that they are “Educated in India”.