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India, also known as the land of Vedas, has the third largest higher education system in the world, close to the United States and China. India was home to the first ever University worldwide, Takshila (now in Pakistan). The country turned into a major education hub which attracted students from different countries. Today, the country boasts of renowned institutions such as All India Institute of Medical Sciences (AIIMS), Indian Institutes of Technology (IIT), India School of Business (ISB), Indian Institutes of Management (IIM) and many more. However, it is still deprived of internationally prominent universities like Oxford, Harvard and MIT. As per the Quacquarelli Symonds (QS) World University Rankings 2013, IIT Delhi was ranked at position 222 with a 49.4% score, IIT Bombay at 233, and IIT Kanpur at 295.
Higher education in India: the context for change
The Indian higher education system is witnessing an exceptional transformation in the current scenario. This transformation is result of the economic and demographic change. It is estimated that by 2020, India will be the world’s third largest economy, with a speedy growth in the size of its mediocre classes. The government has planned its strategies based on three central pillars for education, namely, expansion, equity and excellence. In the coming five years, every aspect of higher education will be restructured: right from financial support, accountability, leadership and management, quality assurance to global alliances and teaching methods. Focus will be laid on reinforcing active institutions. In apparently the biggest reform in the governance and funding of state universities, a striving programme is on the move to delegate authority and budgets for higher education from federal government to the state governments.
As per the statistical data, India is producing 10 million graduates annually and enrolling over 25 million students in various graduate programs, presents a huge scope for both Indian and Foreign Institutes that want to provide quality education to students.
Brindavan College, Top College in Bangalore, states that with many pros in its favour and attracting talents from different parts of the world, we can see India once again ushering towards its golden era.