An Assocham-Tata Institute of Social Sciences (TISS) joint study on 'Realigning Skilling towards Make in India' says, "Indians spend about USD 6-7 billion every year in sending their children abroad for higher education. It is not just the elite who spend generously on a good education and credentials but the middle class families also spend their life time savings to educating their children abroad."
Absence of good quality higher education and none of the reputed institutes making it to the list of world's top institutes, has forced students to think about the option of studying abroad. The choice made by students has consequently resulted in loss of roughly $ 6-7 billion by higher educational institutions and IITs annually. To address the growing concern educationists need to transform the country's educational institutions to strive towards global standards of learning, research, and improve employability.
IIT-K Students Develop All-Terrain Vehicle<\b>
An all-terrain vehicle developed by Indian Institute of Technology-Kanpur (IIT-K) students was publicly displayed for the first time at Techkriti'15 that concluded on Sunday. The vehicle bagged the 'best incoming team winner trophy' at international BAJA - Student India Racing Event held in January this year at Jamshedpur. The vehicle has been designed and fabricated by students and can hit maximum speed of 55km/hour. Despite being a racing vehicle, it has a mileage of 13-14 Kmpl and runs on petrol. It is also capable of scaling 41 degree incline from a dead stop. It is a clutch-less vehicle that runs on tubeless tyres and has disc brakes on all wheels for safety purpose. The vehicle also secured fourth position in design and acceleration categories at the event attended by 45 teams from across the nation. Total of 19 students worked together to make the chassis and assemble other vehicle parts.