Final draft will be presented to the Parliament…
India is going to take a step toward allowing leading foreign universities such as Yale, Oxford and Stanford to set up its campuses and degrees as part of an overhaul of the South Asian nation's higher education.
On Thursday, Regulator the University Grants Commission unveiled a draft legislation for public feedback that seeks to facilitate entry and operation of overseas institutions in the country for the first time.
The local campus can decide on admission criteria for domestic and foreign students, fee structure and scholarship, according to the draft. The institutions will have the autonomy to recruit faculty and staff.
PM Modi's government is pushing to overhaul the country's education sector to enable Indian students to obtain foreign qualifications at an affordable cost and make India an attractive global study destination. The move will also help overseas institutions to tap the nation's youth.
Even as India's universities and colleges have produced chief executive officers at companies from Microsoft Corp. to Alphabet Inc., many fare poorly in global rankings.
The country needs to boost its education sector to become more competitive and close the increasing gap between college curricula and market demand.
It's currently ranked 101 among 133 nations in the Global Talent Competitiveness Index of 2022 that measures a nation's ability to grow, attract and retain talent.
Few universities have already set up partnerships with Indian institutions. He allowed students to partially study in India and complete their degrees on the main campus abroad.
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