The Indian higher education system has been significantly transformed in recent years, positioning the nation as an influential global player – but how is this likely to affect inbound and outbound student mobility?
India’s higher education sector has boomed in the last 15 years, with student enrollment quadrupling to hit a staggering 34 million.
India has surpassed the US, holding the title of the world’s second largest higher education system after China.
This unprecedented expansion is set to continue, with Ernst & Young revealing that India will be one of the youngest nations in the world by the year 2030.
By this time, the nation will boast nearly 140 million people in the university-attending age group, which means that one in every four graduates globally will come from the Indian higher education system.
To prepare for this future, the Indian government is implementing a range of reforms to transform the higher education sector across the nation.
One initiative which has received a lot of news coverage is the Institute of Eminence scheme, aimed at developing world-class universities within India and boosting their position in global higher education rankings.
This initiative will select 10 private and 10 public institutions, which will enjoy academic and administrative autonomy. Additionally, the 10 public institutions selected will each receive US$15 million over a period of five years.
The committee responsible for selecting these 20 institutions, the Empowered Expert Committee (EEC), has recommended that the number of institutions be raised to 30.
As well as the Institute of Eminence scheme, the Indian government is in the process of developing a National Higher Education Qualification Framework (NHEQF).
This framework will emphasize the importance of competencies, employability skills, and learning outcomes.
Beyond the growing Indian higher education sector, there’s also the considerable impact of the influx of Indian students studying abroad.
Currently, more than 305,000 Indian students study overseas.
As a result, India is the second largest source of international students after China. As its young population increases, this is only set to grow.
Additionally, a 44% rise in spending by students for study abroad programs means these students bring significant economic gain to foreign markets.
Whether examining the rapidly expanding Indian higher education sector or the significance of its international students, it’s clear that India is a key player.
To explore these shifts, our QS India Summit 2019 will be held in Goa from the 20th to 22nd October 2019.
The summit will be inaugurated by Dr. Ramesh Pokhriyal ‘Nishank’, Honorable Minister of Human Resources Development of the Government of India.
To network, learn, and collaborate with over 200 senior–level academics from India and abroad, register now and attend QS India Summit 2019.