A recent survey revealed that Indian students are spending around $ 6-7 billions on foreign universities annually due to deficit of quality higher educational institutions in India.
Realigning Skilling towards Make in India, Tata Institute of Social Sciences (TISS), Industry of India (Assocham) and Associated Chambers of Commerce jointly conducted a survey and noted that more and more Indian students are heading overseas due to the dearth of quality higher education and no one Indian institutes of Technology (IITs) is on the list of world’s top research institutions.
In addition, only few are planning to return their home place, survey said.
D.S Rawat, Assocham secretary general said “To send their children’s to abroad for higher education, Indians are spending between $6-7 billion every year. The middle class families who spend their whole savings for children’s education are also sending their children’s to abroad”.
The much trumpeted IITs mainly focused only on the brightest students, have an annual enrolment of around 10,000 to 15,000. They have neither produced a single worldwide patent nor a Nobel laureate.
The survey said “We don’t even have a single equivalent company of a Google, Microsoft, Wal-Mart, Facebook or Nike. The smallest country like Finland or Italy is fare better than India”.
As one of the culprits, the study blamed “deficient of commitments and resources for research”.
“90 percent of funding moves to physical infrastructure development, salaries and overhead costs which leaves no money for research and innovation”, survey added.
The survey said “Political interference and usage of universities as hubs for political activities only complex the problems. Outdated set of courses, faculty and student unions will make sure that status quo is preserved”.