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Education in India
Indian higher education system is a large system. It has the 3rd largest enrolments in the world behind China and USA, having 18500 institutions. Out of these institutions only 381 are universities and the remaining colleges. Majority of universities are unitary, 120 are affiliating type and just 12 are open universities. Private and deemed universities and institutions of national importance are usually discipline specific.
Despite a rich tradition of higher education and research in India, only one university (JNU-183rd ) and two groups of institutions (IITs-57th and IIMs-68th ) are listed as among the "Top 200 World Universities Rankings" by the Times Higher Education Supplement . Shortage of quality education providers is one of the driving factors for an increasing number of Indian students to go overseas for higher education.
The number of Indian students choosing to study abroad is growing by 10 to15% annually. Close to 200,000 Indian students go overseas annually for post-secondary education with Canada attracting around 6000 of these students in 2009. India is Canada’s sixth source country for incoming international students and is thus positioned as an important region for future collaboration and strategic development. US and UK have been the most favored destination by Indian students, but Australia, Singapore and New Zealand are boosting their reputation as education hubs.
Foreign Education Providers Bill has created a lot of anticipation about opening up of India’s higher education sector to foreign players. This bill has just been approved by the Cabinet of Minister of Central Government. It will allow foreign providers to set up Independent colleges, offering independent degrees without having to seek affiliation from an Indian university or tying up with one in partnership.
Overall, India is an important market for international education. It has the advantage of numbers, a well-established system of quality private education at all-India level, producing good quality students with financial capability to afford foreign education. Easy availability of education loans coupled with a liberal foreign exchange management regime is making foreign education more affordable.