Education in India is considered to be a social service and is accorded the status of public good.
Statistics Indian Students Abroad• In the 20010/11 academic year, 103,895 students from India were studying in the United States (down 1% from the previous year).• India is the second leading place of origin for students coming to the United States.• The majority of Indian students study at the graduate level.In 2010/11, their breakdown was as follows:13.5% undergraduate61.2% graduate students1.5% other23.7% OPT (Optional Practical Training)
Other options• Australia, Canada and New Zealand are seen as ‘low cost options’• Thailand, Malaysia and Singapore are perceived as offering a ‘western’ education at an ‘eastern’ price.
Average Total Cost (US$)(Including Tuition Fee and Living Cost for Graduate Students)
Foreign Institutions in India• The majority of the foreign education providers provide professional/vocational courses. Of the total sample of 131 institutions (2005), 107 were providing vocational courses, 19 technical courses and only 5 were offering general education.• Business Management and Hotel Management constitute approximately 80% of the total number of courses.
Types of Operation of Foreign Institutions in India
Future GrowthPrime Minister of India has announced the establishment of• 8 IITs,• 7 Indian Institutes of Management (IIMs)• 5 Indian Institutes of Science, Education and Research (IISERs) and• 30 Central Universities
Future Growth• India is going to experience a paradox of nearly 90 million people joining the workforce but most of them will lack skills.• India has about 550 million people under the age of 25 years out of which only 11% are enrolled in tertiary institutions compared to the world average of 23%.
Future Growth• The government wants to add 25 million students to the current 15 million in higher education as Indias economy grows.• The aim is to raise Indias gross enrollment ratio in the 18 to 25 year age group from the current 12.4% to 30% by 2030.
Challenges• The lecturer-to-student ratio in the country is 1:20.9 against 1:13.5 recommended by the UGC (1:12 for postgraduate students and 1:15 for undergraduates)• The elite Indian institutes of technology (IITs) and national institutes of technology have only around two-thirds of the faculty they require,• A further 100,000 teachers will be required each year in colleges in the coming decade if the shortage is not addressed as the countrys higher education system expands
Future needs“..more than 300,000 is the shortage of faculty in the system at present," stated the Ministry of Human Resource Development.